ERn Financial LLC Purchases 6,089 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

ERn Financial LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 26.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 28,836 shares of the company’s stock after buying an additional 6,089 shares during the quarter. ERn Financial LLC’s holdings in Fidelity Total Bond ETF were worth $1,316,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new stake in Fidelity Total Bond ETF in the 4th quarter worth approximately $25,000. NBC Securities Inc. bought a new stake in Fidelity Total Bond ETF in the 1st quarter worth approximately $28,000. Lindbrook Capital LLC bought a new stake in Fidelity Total Bond ETF in the 4th quarter worth approximately $32,000. Tucker Asset Management LLC bought a new stake in Fidelity Total Bond ETF in the 4th quarter worth approximately $36,000. Finally, Sound Income Strategies LLC increased its stake in Fidelity Total Bond ETF by 63.1% in the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the period.

Fidelity Total Bond ETF Trading Up 0.1%

FBND opened at $45.39 on Thursday. The company has a market cap of $18.72 billion, a price-to-earnings ratio of 8.94 and a beta of 0.26. The stock has a fifty day simple moving average of $45.16 and a two-hundred day simple moving average of $45.27. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $47.30.

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.