Tidemark LLC Grows Position in Fidelity Total Bond ETF $FBND

Tidemark LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.7% during the fourth quarter, HoldingsChannel reports. The fund owned 379,078 shares of the company’s stock after buying an additional 39,797 shares during the period. Fidelity Total Bond ETF comprises approximately 5.0% of Tidemark LLC’s holdings, making the stock its 2nd largest position. Tidemark LLC’s holdings in Fidelity Total Bond ETF were worth $17,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in Fidelity Total Bond ETF during the 4th quarter valued at about $25,000. Rialto Wealth Management LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter worth about $32,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF in the third quarter worth approximately $36,000. Tucker Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $37,000. Finally, Fifth Third Bancorp raised its holdings in Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after acquiring an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.1%

FBND stock opened at $45.53 on Wednesday. The stock’s 50 day simple moving average is $45.64 and its 200 day simple moving average is $46.04. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The stock has a market capitalization of $25.51 billion, a PE ratio of 8.94 and a beta of 0.28.

About Fidelity Total Bond ETF

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.