Focus Partners Wealth Acquires 271,890 Shares of Fidelity Total Bond ETF $FBND

Focus Partners Wealth lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,365,381 shares of the company’s stock after buying an additional 271,890 shares during the period. Focus Partners Wealth’s holdings in Fidelity Total Bond ETF were worth $109,031,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Dupree Financial Group LLC raised its position in shares of Fidelity Total Bond ETF by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock worth $651,000 after acquiring an additional 219 shares in the last quarter. Quadrant Capital Group LLC increased its position in Fidelity Total Bond ETF by 0.6% in the 3rd 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 in the last quarter. RWA Wealth Partners LLC increased its position in Fidelity Total Bond ETF by 2.6% in the 3rd 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 in the last quarter. Capital CS Group LLC increased its position in Fidelity Total Bond ETF by 4.8% in the 3rd 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 in the last quarter. Finally, Investment Advisory Group LLC increased its position in Fidelity Total Bond ETF by 0.4% in the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after buying an additional 303 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.53 on Monday. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The firm has a market capitalization of $25.51 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The business has a 50-day simple moving average of $45.62 and a 200 day simple moving average of $45.98.

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.