MFG Investments LLC Purchases 42,805 Shares of Fidelity Total Bond ETF $FBND

MFG Investments LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 42,805 shares of the company’s stock, valued at approximately $1,853,000. Fidelity Total Bond ETF makes up 2.1% of MFG Investments LLC’s investment portfolio, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steph & Co. boosted its position in shares of Fidelity Total Bond ETF by 27.3% in the third quarter. Steph & Co. now owns 316,767 shares of the company’s stock valued at $13,716,000 after acquiring an additional 67,854 shares during the period. Barry Investment Advisors LLC increased its holdings in Fidelity Total Bond ETF by 36.7% during the 2nd quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock worth $7,997,000 after acquiring an additional 47,024 shares during the period. Corient Private Wealth LP increased its holdings in Fidelity Total Bond ETF by 5.4% during the 2nd quarter. Corient Private Wealth LP now owns 1,808,251 shares of the company’s stock worth $82,259,000 after acquiring an additional 92,976 shares during the period. Schuylkill Financial LLC bought a new stake in Fidelity Total Bond ETF during the 2nd quarter worth approximately $9,806,000. Finally, Gainline Financial Partners LLC bought a new stake in Fidelity Total Bond ETF during the 2nd quarter worth approximately $17,448,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $44.08 on Wednesday. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.78. The stock has a market capitalization of $28.42 billion, a PE ratio of 8.94 and a beta of 0.28. The company’s 50 day simple moving average is $44.05 and its two-hundred day simple moving average is $45.25.

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.