Norris Perne & French LLP MI Acquires New Shares in Fidelity Total Bond ETF $FBND

Norris Perne & French LLP MI acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 73,480 shares of the company’s stock, valued at approximately $3,182,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BG Investment Services LLC increased its stake in shares of Fidelity Total Bond ETF by 27.5% in the third quarter. BG Investment Services LLC now owns 672,231 shares of the company’s stock worth $29,101,000 after acquiring an additional 145,035 shares during the last quarter. Bond & Devick Financial Network Inc. raised its holdings in shares of Fidelity Total Bond ETF by 8.2% during the third quarter. Bond & Devick Financial Network Inc. now owns 53,522 shares of the company’s stock worth $2,318,000 after acquiring an additional 4,044 shares in the last quarter. Simplicity Wealth LLC raised its holdings in shares of Fidelity Total Bond ETF by 74.5% during the third quarter. Simplicity Wealth LLC now owns 164,754 shares of the company’s stock worth $7,134,000 after acquiring an additional 70,325 shares in the last quarter. Bright Financial Advisors Inc. raised its holdings in shares of Fidelity Total Bond ETF by 63.2% during the third quarter. Bright Financial Advisors Inc. now owns 56,987 shares of the company’s stock worth $2,468,000 after acquiring an additional 22,066 shares in the last quarter. Finally, Mascoma Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 3.7% during the third quarter. Mascoma Wealth Management LLC now owns 831,803 shares of the company’s stock worth $36,017,000 after acquiring an additional 29,844 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.2%

FBND opened at $44.05 on Friday. The stock has a market cap of $28.40 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.86. The stock has a fifty day moving average price of $44.17 and a 200 day moving average price of $44.99.

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.