ABLE Financial Group LLC Purchases 71,000 Shares of Fidelity Total Bond ETF $FBND

ABLE Financial Group LLC grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 862,676 shares of the company’s stock after buying an additional 71,000 shares during the quarter. Fidelity Total Bond ETF makes up about 5.8% of ABLE Financial Group LLC’s investment portfolio, making the stock its biggest position. ABLE Financial Group LLC owned 0.13% of Fidelity Total Bond ETF worth $37,354,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FBND. Bank of America Corp DE boosted its holdings in shares of Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after acquiring an additional 871,672 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Fidelity Total Bond ETF by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after purchasing an additional 587,351 shares in the last quarter. Cetera Investment Advisers increased its holdings in Fidelity Total Bond ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after purchasing an additional 930,834 shares in the last quarter. Quotient Wealth Partners LLC raised its position in Fidelity Total Bond ETF by 32.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock valued at $296,589,000 after purchasing an additional 1,609,056 shares during the last quarter. Finally, Sax Wealth Advisors LLC raised its position in Fidelity Total Bond ETF by 49.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after purchasing an additional 2,236,473 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock traded down $0.06 on Wednesday, reaching $43.47. The company’s stock had a trading volume of 1,609,406 shares, compared to its average volume of 3,150,332. The company has a market cap of $28.02 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The business’s fifty day moving average price is $44.35 and its 200 day moving average price is $45.08. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.86.

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.