Prudent Investors Network Inc. Acquires 240,988 Shares of Fidelity Total Bond ETF $FBND

Prudent Investors Network Inc. grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 22.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,314,388 shares of the company’s stock after buying an additional 240,988 shares during the period. Fidelity Total Bond ETF accounts for approximately 13.9% of Prudent Investors Network Inc.’s holdings, making the stock its largest holding. Prudent Investors Network Inc.’s holdings in Fidelity Total Bond ETF were worth $60,514,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Dupree Financial Group LLC lifted its stake in shares of Fidelity Total Bond ETF by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after purchasing an additional 219 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Fidelity Total Bond ETF by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after purchasing an additional 220 shares during the last quarter. RWA Wealth Partners LLC lifted its stake in shares of Fidelity Total Bond ETF by 2.6% in the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after purchasing an additional 241 shares during the last quarter. Capital CS Group LLC lifted its stake in shares of Fidelity Total Bond ETF by 4.8% in the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after purchasing an additional 286 shares during the last quarter. Finally, Investment Advisory Group LLC lifted its stake in shares of Fidelity Total Bond ETF by 0.4% in the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after purchasing an additional 303 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.6%

Shares of Fidelity Total Bond ETF stock opened at $45.22 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.73 and a 52 week high of $46.86. The business’s fifty day simple moving average is $45.78 and its 200-day simple moving average is $46.12. The firm has a market cap of $25.34 billion, a PE ratio of 8.94 and a beta of 0.28.

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.