Wedbush Securities Inc. Boosts Stake in Fidelity Total Bond ETF $FBND

Wedbush Securities Inc. boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 665.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 82,287 shares of the company’s stock after purchasing an additional 71,541 shares during the period. Wedbush Securities Inc.’s holdings in Fidelity Total Bond ETF were worth $5,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth $25,000. GHP Investment Advisors Inc. acquired a new position in Fidelity Total Bond ETF during the 1st quarter worth about $25,000. Community Financial Services Group LLC acquired a new position in Fidelity Total Bond ETF during the 2nd quarter worth about $32,000. Tucker Asset Management LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth about $37,000. Finally, Maryland Capital Advisors Inc. purchased a new position in Fidelity Total Bond ETF during the 2nd quarter valued at about $37,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $44.77 on Friday. The company has a market cap of $27.12 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock has a 50-day moving average of $45.16 and a two-hundred day moving average of $45.59. Fidelity Total Bond ETF has a 1-year low of $44.65 and a 1-year high of $46.86.

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.