BG Investment Services Inc. lowered its position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 15.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 240,364 shares of the company’s stock after selling 45,567 shares during the quarter. Fidelity Total Bond ETF accounts for about 13.9% of BG Investment Services Inc.’s investment portfolio, making the stock its 2nd biggest position. BG Investment Services Inc.’s holdings in Fidelity Total Bond ETF were worth $11,144,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. PFG Investments LLC increased its position in Fidelity Total Bond ETF by 3.2% in the 1st quarter. PFG Investments LLC now owns 9,182 shares of the company’s stock valued at $419,000 after acquiring an additional 282 shares during the period. Flagship Harbor Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 29.5% in the first quarter. Flagship Harbor Advisors LLC now owns 70,161 shares of the company’s stock worth $3,203,000 after purchasing an additional 15,983 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Fidelity Total Bond ETF in the first quarter worth $85,000. Vantage Point Financial LLC acquired a new position in shares of Fidelity Total Bond ETF during the first quarter valued at $257,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Fidelity Total Bond ETF by 4.8% during the first quarter. Oppenheimer & Co. Inc. now owns 289,935 shares of the company’s stock valued at $13,236,000 after purchasing an additional 13,154 shares in the last quarter.
Fidelity Total Bond ETF Stock Up 0.1%
FBND stock opened at $46.73 on Tuesday. The company has a 50-day simple moving average of $46.24 and a 200 day simple moving average of $45.66. The company has a market capitalization of $21.83 billion, a P/E ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.82.
Fidelity Total Bond ETF Company 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.
Recommended Stories
- Five stocks we like better than Fidelity Total Bond ETF
- How to Capture the Benefits of Dividend Increases
- Louis Vuitton Earnings Show Luxury Bull Market Isn’t Done Yet
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- 3 High-Yield Banks for Investors to Buy on the Dip
- Business Services Stocks Investing
- 5 Surprising Stocks Set to Benefit From a Future Robotics Boom
Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
Receive News & Ratings for Fidelity Total Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Total Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.