Kearns & Associates LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 90.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,035 shares of the company’s stock after purchasing an additional 32,250 shares during the period. Fidelity Total Bond ETF accounts for approximately 1.4% of Kearns & Associates LLC’s holdings, making the stock its 8th largest holding. Kearns & Associates LLC’s holdings in Fidelity Total Bond ETF were worth $2,946,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF during the first quarter worth $25,000. Community Financial Services Group LLC bought a new position in shares of Fidelity Total Bond ETF in the second quarter valued at about $32,000. Maryland Capital Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF in the second quarter valued at about $37,000. Manning & Napier Advisors LLC acquired a new position in Fidelity Total Bond ETF during the 1st quarter worth about $53,000. Finally, Sound Income Strategies LLC lifted its position in Fidelity Total Bond ETF by 180.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after buying an additional 847 shares in the last quarter.
Fidelity Total Bond ETF Price Performance
Shares of NYSEARCA:FBND opened at $43.45 on Friday. The firm has a market cap of $28.01 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86. The company’s 50-day moving average price is $44.41 and its two-hundred day moving average price is $45.12.
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.
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