tru Independence LLC Buys 16,707 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

tru Independence LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,082 shares of the company’s stock after buying an additional 16,707 shares during the period. Fidelity Total Bond ETF comprises about 3.7% of tru Independence LLC’s holdings, making the stock its 3rd largest position. tru Independence LLC owned 0.13% of Fidelity Total Bond ETF worth $11,894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cornell Pochily Investment Advisors Inc. increased its position in shares of Fidelity Total Bond ETF by 22.7% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 19,256 shares of the company’s stock worth $864,000 after purchasing an additional 3,558 shares in the last quarter. Summit Financial Strategies Inc. increased its position in shares of Fidelity Total Bond ETF by 9.3% during the fourth quarter. Summit Financial Strategies Inc. now owns 1,737,448 shares of the company’s stock worth $77,959,000 after purchasing an additional 147,437 shares in the last quarter. Buttonwood Financial Advisors Inc. increased its position in shares of Fidelity Total Bond ETF by 10.9% during the fourth quarter. Buttonwood Financial Advisors Inc. now owns 255,763 shares of the company’s stock worth $11,476,000 after purchasing an additional 25,113 shares in the last quarter. Cornerstone Wealth Group LLC increased its position in shares of Fidelity Total Bond ETF by 11.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 47,789 shares of the company’s stock worth $2,144,000 after purchasing an additional 4,900 shares in the last quarter. Finally, Capital Asset Advisory Services LLC increased its position in shares of Fidelity Total Bond ETF by 10.1% during the fourth quarter. Capital Asset Advisory Services LLC now owns 52,946 shares of the company’s stock worth $2,376,000 after purchasing an additional 4,843 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.5 %

NYSEARCA FBND opened at $45.15 on Monday. The business’s 50-day moving average price is $45.26 and its 200 day moving average price is $45.84. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The firm has a market cap of $9.01 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.