Fidelity Total Bond ETF $FBND Shares Acquired by Truist Financial Corp

Truist Financial Corp raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 234,826 shares of the company’s stock after acquiring an additional 20,716 shares during the period. Truist Financial Corp’s holdings in Fidelity Total Bond ETF were worth $10,811,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FBND. Cerity Partners LLC increased its position in shares of Fidelity Total Bond ETF by 400.5% during the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after acquiring an additional 32,071 shares during the last quarter. Betterment LLC increased its position in shares of Fidelity Total Bond ETF by 2.7% during the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after acquiring an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $49,000. Graney & King LLC boosted its stake in shares of Fidelity Total Bond ETF by 7.3% in the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after purchasing an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Fidelity Total Bond ETF by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after purchasing an additional 1,924 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.75 on Friday. The firm has a 50 day simple moving average of $45.89 and a 200-day simple moving average of $46.17. Fidelity Total Bond ETF has a one year low of $44.73 and a one year high of $46.86. The firm has a market cap of $25.63 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.