Clearwave Capital LLC Acquires New Stake in Fidelity Total Bond ETF $FBND

Clearwave Capital LLC bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 115,144 shares of the company’s stock, valued at approximately $5,301,000. Fidelity Total Bond ETF accounts for 3.9% of Clearwave Capital LLC’s holdings, making the stock its 4th biggest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Dupree Financial Group LLC boosted its holdings in Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after acquiring an additional 219 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Fidelity Total Bond ETF by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after purchasing an additional 220 shares during the period. RWA Wealth Partners LLC lifted its position in shares of Fidelity Total Bond ETF by 2.6% in the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after purchasing an additional 241 shares during the period. Investment Advisory Group LLC raised its stake in Fidelity Total Bond ETF by 0.4% during the fourth quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock worth $3,277,000 after buying an additional 303 shares during the last quarter. Finally, Keystone Financial Group lifted its holdings in Fidelity Total Bond ETF by 3.1% in the third quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock valued at $477,000 after buying an additional 315 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.61 on Friday. The firm’s fifty day simple moving average is $45.60 and its two-hundred day simple moving average is $45.95. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock has a market capitalization of $25.56 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.