Systelligence LLC Makes New Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Systelligence LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 144,365 shares of the company’s stock, valued at approximately $6,499,000. Fidelity Total Bond ETF makes up approximately 1.7% of Systelligence LLC’s portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of FBND. Bank of Montreal Can grew its stake in Fidelity Total Bond ETF by 35.7% in the first quarter. Bank of Montreal Can now owns 5,289 shares of the company’s stock valued at $263,000 after purchasing an additional 1,390 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Fidelity Total Bond ETF by 13.7% in the first quarter. Cetera Investment Advisers now owns 8,750 shares of the company’s stock valued at $435,000 after buying an additional 1,051 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Fidelity Total Bond ETF by 16.4% during the first quarter. NewEdge Advisors LLC now owns 25,693 shares of the company’s stock worth $1,279,000 after buying an additional 3,619 shares during the last quarter. Laurel Wealth Advisors Inc. raised its position in Fidelity Total Bond ETF by 24.0% during the first quarter. Laurel Wealth Advisors Inc. now owns 29,885 shares of the company’s stock worth $1,487,000 after acquiring an additional 5,788 shares in the last quarter. Finally, Founders Financial Securities LLC acquired a new stake in Fidelity Total Bond ETF in the first quarter valued at $9,283,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $45.91 on Friday. The company has a market cap of $2.97 billion, a PE ratio of 12.64 and a beta of 0.15. The firm has a 50-day moving average of $45.86 and a 200-day moving average of $45.36. Fidelity Total Bond ETF has a one year low of $43.25 and a one year high of $50.25.

About Fidelity Total Bond ETF

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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.