Concurrent Investment Advisors LLC Grows Stock Holdings in Fidelity Total Bond ETF $FBND

Concurrent Investment Advisors LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,435,649 shares of the company’s stock after acquiring an additional 111,744 shares during the period. Fidelity Total Bond ETF makes up 0.6% of Concurrent Investment Advisors LLC’s portfolio, making the stock its 25th biggest position. Concurrent Investment Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $65,308,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FBND. Root Financial Partners LLC purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth $25,000. GHP Investment Advisors Inc. purchased a new position in Fidelity Total Bond ETF in the first quarter valued at about $25,000. Community Financial Services Group LLC acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth about $32,000. Tucker Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth about $37,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth about $37,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $44.71 on Friday. Fidelity Total Bond ETF has a 1-year low of $44.59 and a 1-year high of $46.86. The company has a market capitalization of $27.09 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The business has a 50-day moving average of $45.08 and a 200-day moving average of $45.54.

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.