Fidelity Total Bond ETF $FBND is Summit Financial Strategies Inc.’s 4th Largest Position

Summit Financial Strategies Inc. increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,226,626 shares of the company’s stock after acquiring an additional 135,819 shares during the quarter. Fidelity Total Bond ETF comprises approximately 8.0% of Summit Financial Strategies Inc.’s portfolio, making the stock its 4th largest holding. Summit Financial Strategies Inc.’s holdings in Fidelity Total Bond ETF were worth $101,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of FBND. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth $25,000. Rialto Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter valued at approximately $32,000. Tucker Asset Management LLC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter valued at approximately $37,000. Finally, Key Capital Management INC acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth approximately $49,000.

Fidelity Total Bond ETF Stock Down 0.1%

Shares of Fidelity Total Bond ETF stock traded down $0.03 during trading on Friday, reaching $45.25. The company’s stock had a trading volume of 2,903,796 shares, compared to its average volume of 2,808,518. The business has a 50 day moving average price of $45.48 and a 200-day moving average price of $45.87. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The company has a market capitalization of $26.88 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.