Navalign LLC Grows Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Navalign LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 666,172 shares of the company’s stock after purchasing an additional 33,936 shares during the quarter. Fidelity Total Bond ETF makes up 8.8% of Navalign LLC’s investment portfolio, making the stock its largest position. Navalign LLC owned about 0.33% of Fidelity Total Bond ETF worth $29,891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FBND. Dupree Financial Group LLC grew its position in shares of Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock valued at $677,000 after purchasing an additional 238 shares in the last quarter. King Wealth Management Group lifted its position in Fidelity Total Bond ETF by 1.0% during the fourth quarter. King Wealth Management Group now owns 23,930 shares of the company’s stock valued at $1,074,000 after purchasing an additional 240 shares during the last quarter. Waterfront Wealth Inc. lifted its position in Fidelity Total Bond ETF by 0.9% during the fourth quarter. Waterfront Wealth Inc. now owns 27,898 shares of the company’s stock valued at $1,252,000 after purchasing an additional 242 shares during the last quarter. Integrity Financial Corp WA grew its stake in Fidelity Total Bond ETF by 1.8% in the 4th quarter. Integrity Financial Corp WA now owns 17,275 shares of the company’s stock worth $775,000 after buying an additional 299 shares in the last quarter. Finally, Prosperity Consulting Group LLC increased its holdings in shares of Fidelity Total Bond ETF by 0.4% in the 4th quarter. Prosperity Consulting Group LLC now owns 78,378 shares of the company’s stock worth $3,517,000 after buying an additional 302 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $44.83 on Thursday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $47.30. The stock has a market cap of $18.15 billion, a P/E ratio of 8.94 and a beta of 0.27. The firm’s fifty day moving average price is $45.30 and its 200-day moving average price is $45.32.

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.