Fidelity Total Bond ETF $FBND Shares Purchased by Lincoln Capital Corp

Lincoln Capital Corp increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 98.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 277,296 shares of the company’s stock after purchasing an additional 137,778 shares during the quarter. Fidelity Total Bond ETF comprises about 3.9% of Lincoln Capital Corp’s holdings, making the stock its 6th largest position. Lincoln Capital Corp’s holdings in Fidelity Total Bond ETF were worth $12,007,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FBND. Steph & Co. lifted its stake in shares of Fidelity Total Bond ETF by 27.3% in the 3rd quarter. Steph & Co. now owns 316,767 shares of the company’s stock valued at $13,716,000 after purchasing an additional 67,854 shares during the last quarter. Capital Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 9.3% during the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after purchasing an additional 53,398 shares during the period. Barry Investment Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 22.6% during the 1st quarter. Barry Investment Advisors LLC now owns 128,125 shares of the company’s stock worth $5,868,000 after purchasing an additional 23,595 shares during the period. Corient Private Wealth LP increased its position in shares of Fidelity Total Bond ETF by 5.4% during the 2nd quarter. Corient Private Wealth LP now owns 1,808,251 shares of the company’s stock worth $82,259,000 after purchasing an additional 92,976 shares during the last quarter. Finally, Gainline Financial Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth about $17,448,000.

Fidelity Total Bond ETF Trading Up 0.1%

FBND traded up $0.05 on Tuesday, hitting $43.52. The company had a trading volume of 4,972,731 shares, compared to its average volume of 3,158,939. The firm has a market cap of $28.06 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.86. The company’s fifty day moving average price is $44.38 and its 200 day moving average price is $45.10.

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.