Fidelity Total Bond ETF $FBND Shares Purchased by First United Bank & Trust

First United Bank & Trust raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 104,394 shares of the company’s stock after acquiring an additional 2,035 shares during the quarter. Fidelity Total Bond ETF comprises about 1.7% of First United Bank & Trust’s portfolio, making the stock its 15th biggest holding. First United Bank & Trust’s holdings in Fidelity Total Bond ETF were worth $4,776,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First Pacific Financial purchased a new stake in shares of Fidelity Total Bond ETF during the first quarter worth approximately $25,000. Fifth Third Bancorp acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $27,000. NBC Securities Inc. purchased a new position in shares of Fidelity Total Bond ETF in the first quarter worth about $28,000. Tsfg LLC purchased a new stake in Fidelity Total Bond ETF during the 1st quarter valued at about $29,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Fidelity Total Bond ETF by 63.1% in the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.0%

Shares of NYSEARCA:FBND opened at $46.26 on Tuesday. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.95. The stock has a market cap of $20.00 billion, a P/E ratio of 8.94 and a beta of 0.17. The business has a fifty day moving average of $46.03 and a two-hundred day moving average of $45.58.

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.