Dogwood Wealth Management LLC Grows Stake in Fidelity Total Bond ETF $FBND

Dogwood Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 301,732 shares of the company’s stock after purchasing an additional 16,218 shares during the quarter. Fidelity Total Bond ETF comprises 6.7% of Dogwood Wealth Management LLC’s investment portfolio, making the stock its biggest holding. Dogwood Wealth Management LLC owned approximately 0.07% of Fidelity Total Bond ETF worth $13,702,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tritonpoint Wealth LLC boosted its holdings in Fidelity Total Bond ETF by 2.2% in the second quarter. Tritonpoint Wealth LLC now owns 56,926 shares of the company’s stock worth $2,614,000 after acquiring an additional 1,239 shares in the last quarter. Diversified Trust Co bought a new stake in Fidelity Total Bond ETF in the second quarter worth $427,000. Beacon Capital Management LLC boosted its holdings in Fidelity Total Bond ETF by 84.6% in the second quarter. Beacon Capital Management LLC now owns 4,549 shares of the company’s stock worth $208,000 after acquiring an additional 2,085 shares in the last quarter. Cerity Partners LLC boosted its holdings in Fidelity Total Bond ETF by 27.5% in the first quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock worth $366,000 after acquiring an additional 1,729 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Fidelity Total Bond ETF by 1.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 150,385 shares of the company’s stock worth $6,862,000 after acquiring an additional 2,642 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.0%

Fidelity Total Bond ETF stock opened at $46.24 on Wednesday. The business’s fifty day simple moving average is $46.04 and its two-hundred day simple moving average is $45.58. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.95. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17.

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.