Capital Analysts LLC Buys 353,902 Shares of Fidelity Total Bond ETF $FBND

Capital Analysts LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,506,392 shares of the company’s stock after purchasing an additional 353,902 shares during the period. Fidelity Total Bond ETF comprises approximately 3.7% of Capital Analysts LLC’s portfolio, making the stock its 3rd largest holding. Capital Analysts LLC’s holdings in Fidelity Total Bond ETF were worth $159,506,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF during the first quarter worth $25,000. Community Financial Services Group LLC acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth $32,000. Tucker Asset Management LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at $37,000. Finally, Maryland Capital Advisors Inc. purchased a new position in Fidelity Total Bond ETF in the second quarter valued at $37,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $44.67 on Wednesday. The business has a 50-day moving average of $45.02 and a two-hundred day moving average of $45.50. The company has a market capitalization of $27.06 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.59 and a 1 year high of $46.86.

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.