Fidelity Total Bond ETF $FBND Stake Boosted by CPA Asset Management Group LLC

CPA Asset Management Group LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 626,806 shares of the company’s stock after buying an additional 15,101 shares during the period. Fidelity Total Bond ETF comprises 11.2% of CPA Asset Management Group LLC’s investment portfolio, making the stock its largest holding. CPA Asset Management Group LLC owned about 0.13% of Fidelity Total Bond ETF worth $28,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec grew its stake in Fidelity Total Bond ETF by 3,844.5% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 39,839 shares of the company’s stock valued at $1,819,000 after acquiring an additional 38,829 shares in the last quarter. Gotham Asset Management LLC lifted its position in Fidelity Total Bond ETF by 0.4% in the 1st quarter. Gotham Asset Management LLC now owns 396,330 shares of the company’s stock worth $18,092,000 after buying an additional 1,695 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Fidelity Total Bond ETF by 28.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 462,778 shares of the company’s stock valued at $21,126,000 after buying an additional 103,037 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 8.3% during the 1st quarter. NewEdge Advisors LLC now owns 611,380 shares of the company’s stock valued at $27,909,000 after acquiring an additional 46,732 shares in the last quarter. Finally, Financial Strategies Group Inc. purchased a new position in shares of Fidelity Total Bond ETF during the 1st quarter valued at $21,416,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $46.04 on Friday. The firm has a market cap of $22.00 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 $44.30 and a 1 year high of $46.86. The business has a fifty day simple moving average of $46.35 and a 200 day simple moving average of $46.12.

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.