Fidelity Total Bond ETF $FBND Shares Bought by Navalign LLC

Navalign LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 990,542 shares of the company’s stock after acquiring an additional 51,469 shares during the period. Fidelity Total Bond ETF comprises 11.2% of Navalign LLC’s holdings, making the stock its biggest position. Navalign LLC’s holdings in Fidelity Total Bond ETF were worth $45,605,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Dupree Financial Group LLC lifted its position in shares of Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after buying an additional 219 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Fidelity Total Bond ETF by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after buying an additional 220 shares during the last quarter. RWA Wealth Partners LLC lifted its position in shares of Fidelity Total Bond ETF by 2.6% in the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after buying an additional 241 shares during the last quarter. GWN Securities Inc. lifted its position in shares of Fidelity Total Bond ETF by 1.3% in the third quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock valued at $1,017,000 after buying an additional 277 shares during the last quarter. Finally, Capital CS Group LLC lifted its position in shares of Fidelity Total Bond ETF by 4.8% in the third quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after buying an additional 286 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $45.51 on Thursday. Fidelity Total Bond ETF has a 12-month low of $44.73 and a 12-month high of $46.86. The stock has a market cap of $25.50 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The business has a 50 day moving average of $45.82 and a 200-day moving average of $46.14.

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.