Fidelity Total Bond ETF $FBND Shares Purchased by Crosspoint Financial LLC

Crosspoint Financial LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 276.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,066 shares of the company’s stock after acquiring an additional 55,136 shares during the quarter. Fidelity Total Bond ETF comprises approximately 6.4% of Crosspoint Financial LLC’s portfolio, making the stock its 3rd biggest holding. Crosspoint Financial LLC’s holdings in Fidelity Total Bond ETF were worth $3,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE grew its stake in shares of Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after purchasing an additional 871,672 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after purchasing an additional 587,351 shares during the period. Cetera Investment Advisers boosted its holdings in Fidelity Total Bond ETF by 15.9% during the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after buying an additional 930,834 shares in the last quarter. Sax Wealth Advisors LLC boosted its holdings in Fidelity Total Bond ETF by 49.8% during the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after buying an additional 2,236,473 shares in the last quarter. Finally, Legacy Wealth Management LLC grew its position in Fidelity Total Bond ETF by 57.0% during the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after buying an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $44.33 on Monday. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.78. The firm has a market capitalization of $28.58 billion, a P/E ratio of 8.94 and a beta of 0.28. The firm’s 50-day moving average is $44.01 and its two-hundred day moving average is $45.23.

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.