Raymond James Financial Inc. Raises Stock Holdings in Fidelity Total Bond ETF $FBND

Raymond James Financial Inc. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,636,975 shares of the company’s stock after purchasing an additional 258,955 shares during the quarter. Raymond James Financial Inc.’s holdings in Fidelity Total Bond ETF were worth $211,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PFG Investments LLC lifted its stake in Fidelity Total Bond ETF by 3.2% during the 1st quarter. PFG Investments LLC now owns 9,182 shares of the company’s stock valued at $419,000 after acquiring an additional 282 shares during the period. Bogart Wealth LLC increased its holdings in Fidelity Total Bond ETF by 23.3% in the 1st quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock worth $72,000 after acquiring an additional 297 shares in the last quarter. Prosperity Consulting Group LLC grew its holdings in Fidelity Total Bond ETF by 0.4% during the 4th quarter. Prosperity Consulting Group LLC now owns 78,378 shares of the company’s stock valued at $3,517,000 after buying an additional 302 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Fidelity Total Bond ETF by 63.1% during the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after acquiring an additional 306 shares during the last quarter. Finally, Kraft Davis & Associates LLC lifted its position in Fidelity Total Bond ETF by 2.8% in the first quarter. Kraft Davis & Associates LLC now owns 12,509 shares of the company’s stock worth $562,000 after buying an additional 338 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.2%

FBND stock opened at $45.75 on Monday. The business’s fifty day simple moving average is $45.58 and its two-hundred day simple moving average is $45.41. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $47.30. The firm has a market cap of $19.78 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17.

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.