Fidelity Total Bond ETF $FBND Stock: Lebenthal Global Advisors LLC Increases Stake

Lebenthal Global Advisors LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 72.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 525,237 shares of the company’s stock after buying an additional 219,841 shares during the quarter. Fidelity Total Bond ETF makes up about 3.0% of Lebenthal Global Advisors LLC’s investment portfolio, making the stock its 8th largest position. Lebenthal Global Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $22,743,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Bank of America Corp DE lifted its stake in 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 purchasing an additional 871,672 shares in the last quarter. Envestnet Asset Management Inc. boosted 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 acquiring an additional 587,351 shares during the period. Cetera Investment Advisers boosted its stake in shares of Fidelity Total Bond ETF by 15.9% during the first 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 during the period. Sax Wealth Advisors LLC grew its stake 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 worth $291,320,000 after acquiring an additional 2,236,473 shares in the last quarter. Finally, Legacy Wealth Management LLC grew its stake in Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after purchasing an additional 1,995,732 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.3%

Fidelity Total Bond ETF stock opened at $44.16 on Friday. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.78. The stock has a 50-day moving average price of $44.09 and a 200 day moving average price of $45.27. The company has a market capitalization of $28.47 billion, a price-to-earnings 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.