Fidelity Total Bond ETF $FBND Stake Increased by Founders Financial Securities LLC

Founders Financial Securities LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.4% in the first quarter, Holdings Channel.com reports. The fund owned 644,365 shares of the company’s stock after acquiring an additional 60,511 shares during the quarter. Fidelity Total Bond ETF makes up about 1.8% of Founders Financial Securities LLC’s holdings, making the stock its 10th biggest holding. Founders Financial Securities LLC’s holdings in Fidelity Total Bond ETF were worth $29,557,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV boosted its position in shares of Fidelity Total Bond ETF by 37.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 187,357 shares of the company’s stock valued at $8,547,000 after acquiring an additional 50,885 shares during the last quarter. Weatherly Asset Management L. P. boosted its holdings in Fidelity Total Bond ETF by 1.8% during the 1st quarter. Weatherly Asset Management L. P. now owns 898,544 shares of the company’s stock valued at $41,128,000 after acquiring an additional 15,924 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Fidelity Total Bond ETF by 44.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 68,292 shares of the company’s stock worth $3,144,000 after purchasing an additional 20,952 shares during the last quarter. World Investment Advisors boosted its position in Fidelity Total Bond ETF by 17.1% during the 4th quarter. World Investment Advisors now owns 348,396 shares of the company’s stock valued at $16,040,000 after buying an additional 50,819 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in shares of Fidelity Total Bond ETF by 13.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,196,042 shares of the company’s stock worth $55,147,000 after purchasing an additional 145,310 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.61 on Friday. The firm has a market cap of $25.56 billion, a P/E ratio of 8.94 and a beta of 0.27. The business’s 50 day moving average price is $45.60 and its 200-day moving average price is $45.95. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86.

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.