BOS Asset Management LLC Increases Stake in Fidelity Total Bond ETF $FBND

BOS Asset Management LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,642 shares of the company’s stock after buying an additional 18,364 shares during the quarter. Fidelity Total Bond ETF comprises 1.9% of BOS Asset Management LLC’s portfolio, making the stock its 13th biggest holding. BOS Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $8,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GHP Investment Advisors Inc. acquired a new stake in Fidelity Total Bond ETF in the 1st quarter valued at about $25,000. Community Financial Services Group LLC acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $32,000. Maryland Capital Advisors Inc. bought a new position in Fidelity Total Bond ETF in the 2nd quarter worth approximately $37,000. Manning & Napier Advisors LLC bought a new position in Fidelity Total Bond ETF in the 1st quarter worth approximately $53,000. Finally, Sound Income Strategies LLC lifted its holdings in Fidelity Total Bond ETF by 180.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after buying an additional 847 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND traded down $0.01 during mid-day trading on Friday, reaching $43.45. The stock had a trading volume of 2,130,809 shares, compared to its average volume of 3,133,350. The stock has a market capitalization of $28.01 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. The firm’s fifty day simple moving average is $44.43 and its two-hundred day simple moving average is $45.13.

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.