Founders Financial Alliance LLC Invests $995,000 in Fidelity Total Bond ETF $FBND

Founders Financial Alliance LLC acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,620 shares of the company’s stock, valued at approximately $995,000.

A number of other hedge funds have also recently made changes to their positions in FBND. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $25,000. Rialto Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $32,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF in the third quarter worth about $36,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $37,000. Finally, Fifth Third Bancorp boosted its stake in shares of Fidelity Total Bond ETF by 78.0% in the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after acquiring an additional 468 shares during the period.

Fidelity Total Bond ETF Stock Up 0.6%

NYSEARCA FBND opened at $45.59 on Friday. The firm has a market cap of $25.54 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The business has a 50-day moving average price of $45.62 and a 200-day moving average price of $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.