tru Independence LLC Raises Holdings in Fidelity Total Bond ETF $FBND

tru Independence LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 339,126 shares of the company’s stock after buying an additional 21,463 shares during the quarter. Fidelity Total Bond ETF accounts for 4.1% of tru Independence LLC’s investment portfolio, making the stock its 3rd biggest holding. tru Independence LLC’s holdings in Fidelity Total Bond ETF were worth $15,681,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $27,000. Caldwell Trust Co purchased a new stake in Fidelity Total Bond ETF during the second quarter valued at approximately $34,000. Maryland Capital Advisors Inc. lifted its position in Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after acquiring an additional 651 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $38,000. Finally, Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF in the second quarter worth $49,000.

Fidelity Total Bond ETF Trading Down 0.2%

Shares of FBND opened at $46.09 on Friday. The stock has a fifty day moving average price of $46.30 and a 200-day moving average price of $46.14. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86. The firm has a market cap of $23.50 billion, a PE ratio of 8.94 and a beta of 0.28.

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.