Fidelity Total Bond ETF $FBND Stock: Founders Financial Securities LLC Boosts Position

Founders Financial Securities LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.2% during the third quarter, HoldingsChannel.com reports. The firm owned 778,543 shares of the company’s stock after buying an additional 45,187 shares during the period. Fidelity Total Bond ETF accounts for 1.7% of Founders Financial Securities LLC’s portfolio, making the stock its 10th largest position. Founders Financial Securities LLC’s holdings in Fidelity Total Bond ETF were worth $33,711,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Interchange Capital Partners LLC boosted its stake in Fidelity Total Bond ETF by 1.7% during the third quarter. Interchange Capital Partners LLC now owns 48,894 shares of the company’s stock valued at $2,117,000 after buying an additional 834 shares during the period. Dynamic Financial Group purchased a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $239,000. Shakespeare Wealth Management LLC grew its stake in Fidelity Total Bond ETF by 3.9% in the 3rd quarter. Shakespeare Wealth Management LLC now owns 978,216 shares of the company’s stock worth $42,357,000 after buying an additional 36,991 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Fidelity Total Bond ETF by 6.4% in the 3rd quarter. D.A. Davidson & CO. now owns 421,228 shares of the company’s stock worth $18,239,000 after buying an additional 25,358 shares during the last quarter. Finally, VestGen Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 5.0% in the 3rd quarter. VestGen Advisors LLC now owns 32,703 shares of the company’s stock worth $1,416,000 after buying an additional 1,554 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $44.04 on Friday. The firm’s fifty day moving average price is $44.10 and its 200-day moving average price is $45.28. Fidelity Total Bond ETF has a fifty-two week low of $43.11 and a fifty-two week high of $46.78. The stock has a market cap of $28.39 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.