MML Investors Services LLC Purchases 505,553 Shares of Fidelity Total Bond ETF $FBND

MML Investors Services LLC lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 25.8% in the 4th quarter, Holdings Channel reports. The fund owned 2,467,073 shares of the company’s stock after acquiring an additional 505,553 shares during the quarter. MML Investors Services LLC’s holdings in Fidelity Total Bond ETF were worth $113,584,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FBND. Cerity Partners LLC raised its position in shares of Fidelity Total Bond ETF by 400.5% in the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after acquiring an additional 32,071 shares in the last quarter. Betterment LLC grew its stake in shares of Fidelity Total Bond ETF by 2.7% in the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after buying an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth approximately $49,000. Graney & King LLC grew its stake in shares of Fidelity Total Bond ETF by 7.3% in the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after buying an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Fidelity Total Bond ETF by 40.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after buying an additional 1,924 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.53 on Monday. The company has a market capitalization of $25.51 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock’s 50 day moving average is $45.62 and its 200 day moving average is $45.98. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86.

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.