Fidelity Total Bond ETF $FBND Stock: Simplicity Wealth LLC Boosts Stake

Simplicity Wealth LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 74.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 164,754 shares of the company’s stock after buying an additional 70,325 shares during the quarter. Simplicity Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $7,134,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new stake in Fidelity Total Bond ETF in the first quarter valued at about $25,000. Community Financial Services Group LLC acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at $32,000. Maryland Capital Advisors Inc. bought a new position in Fidelity Total Bond ETF in the 2nd quarter valued at $37,000. Manning & Napier Advisors LLC bought a new position in Fidelity Total Bond ETF in the 1st quarter valued at $53,000. Finally, Sound Income Strategies LLC raised its position in Fidelity Total Bond ETF by 180.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock valued at $60,000 after purchasing an additional 847 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $44.05 on Friday. The business’s fifty day moving average is $44.17 and its two-hundred day moving average is $44.99. The firm has a market cap of $28.40 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86.

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.