Fidelity Total Bond ETF $FBND is Dynamic Advisor Solutions LLC’s 5th Largest Position

Dynamic Advisor Solutions LLC grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.1% during the second quarter, Holdings Channel.com reports. The fund owned 1,095,153 shares of the company’s stock after acquiring an additional 126,484 shares during the period. Fidelity Total Bond ETF accounts for about 1.4% of Dynamic Advisor Solutions LLC’s investment portfolio, making the stock its 5th biggest position. Dynamic Advisor Solutions LLC’s holdings in Fidelity Total Bond ETF were worth $49,819,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Fidelity Total Bond ETF in the 4th quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new position in Fidelity Total Bond ETF during the first quarter worth $25,000. Tucker Asset Management LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth $37,000. Key Capital Management INC purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth $49,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the second quarter worth $49,000.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of NYSEARCA FBND opened at $45.06 on Thursday. Fidelity Total Bond ETF has a twelve month low of $44.65 and a twelve month high of $46.86. The stock has a fifty day simple moving average of $45.33 and a 200-day simple moving average of $45.72. The stock has a market capitalization of $27.30 billion, a PE 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.