Fidelity Total Bond ETF $FBND Shares Bought by Summit Financial LLC

Summit Financial LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 428,567 shares of the company’s stock after acquiring an additional 32,696 shares during the quarter. Summit Financial LLC’s holdings in Fidelity Total Bond ETF were worth $19,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its stake in Fidelity Total Bond ETF by 110.4% during the fourth quarter. Advisors Asset Management Inc. now owns 6,976 shares of the company’s stock worth $321,000 after acquiring an additional 3,660 shares during the last quarter. Elevation Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth $527,000. Orion Porfolio Solutions LLC boosted its position in shares of Fidelity Total Bond ETF by 19.0% during the fourth quarter. Orion Porfolio Solutions LLC now owns 191,903 shares of the company’s stock worth $8,835,000 after buying an additional 30,661 shares during the period. Retirement Management Systems Inc. purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth $2,710,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Fidelity Total Bond ETF by 12.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,895,618 shares of the company’s stock worth $225,394,000 after buying an additional 522,583 shares during the period.

Fidelity Total Bond ETF Stock Down 0.1%

FBND opened at $45.53 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The business has a fifty day simple moving average of $45.62 and a 200-day simple moving average of $45.98. The firm has a market cap of $25.51 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.