Legacy Solutions LLC Buys 1,341 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Legacy Solutions LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,740 shares of the company’s stock after acquiring an additional 1,341 shares during the quarter. Fidelity Total Bond ETF makes up about 2.5% of Legacy Solutions LLC’s portfolio, making the stock its 11th biggest position. Legacy Solutions LLC’s holdings in Fidelity Total Bond ETF were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FBND. PNC Financial Services Group Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $25,000. Lindbrook Capital LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $32,000. Tucker Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $36,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $59,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $63,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.09 on Friday. The stock has a 50-day moving average of $45.23 and a two-hundred day moving average of $45.30. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $47.30. The stock has a market cap of $18.25 billion, a P/E ratio of 8.94 and a beta of 0.27.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.