Beta Wealth Group Inc. lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 3.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 62,337 shares of the company’s stock after buying an additional 2,195 shares during the quarter. Fidelity Total Bond ETF accounts for about 1.0% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 28th biggest holding. Beta Wealth Group Inc.’s holdings in Fidelity Total Bond ETF were worth $2,852,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in FBND. Fifth Third Bancorp acquired a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $27,000. Brown Lisle Cummings Inc. acquired a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth $38,000. Clarity Asset Management Inc. raised its holdings in shares of 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 in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at $86,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Fidelity Total Bond ETF in the 1st quarter valued at $92,000.
Fidelity Total Bond ETF Price Performance
Fidelity Total Bond ETF stock opened at $46.25 on Friday. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company’s fifty day moving average price is $46.47 and its two-hundred day moving average price is $45.84. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.
Fidelity Total Bond ETF 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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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