Level Four Advisory Services LLC Raises Stock Holdings in Fidelity Total Bond ETF $FBND

Level Four Advisory Services LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1,235.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 120,900 shares of the company’s stock after acquiring an additional 111,846 shares during the quarter. Level Four Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $5,531,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FBND. Fifth Third Bancorp bought a new position in shares of Fidelity Total Bond ETF during the second quarter valued at about $27,000. Brown Lisle Cummings Inc. bought a new position in Fidelity Total Bond ETF during the 2nd quarter valued at approximately $38,000. Clarity Asset Management Inc. raised its position in Fidelity Total Bond ETF by 285.3% during the 1st quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock valued at $62,000 after purchasing an additional 1,010 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter worth approximately $86,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth approximately $92,000.

Fidelity Total Bond ETF Stock Performance

FBND opened at $46.47 on Friday. The stock has a market capitalization of $22.20 billion, a PE ratio of 8.94 and a beta of 0.28. The stock’s 50 day moving average price is $46.45 and its 200-day moving average price is $45.92. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86.

Fidelity Total Bond ETF Company Profile

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.