Summit Wealth Partners LLC Acquires 22,500 Shares of Fidelity Total Bond ETF $FBND

Summit Wealth Partners LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 62.2% during the first quarter, HoldingsChannel reports. The firm owned 58,685 shares of the company’s stock after acquiring an additional 22,500 shares during the quarter. Summit Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $2,677,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Financial Management Network Inc. raised its holdings in shares of Fidelity Total Bond ETF by 28.3% during the 1st quarter. Financial Management Network Inc. now owns 158,120 shares of the company’s stock worth $7,253,000 after buying an additional 34,903 shares in the last quarter. Brookstone Capital Management boosted its stake in Fidelity Total Bond ETF by 3.7% in the first quarter. Brookstone Capital Management now owns 836,222 shares of the company’s stock valued at $38,148,000 after buying an additional 29,514 shares in the last quarter. Triad Wealth Partners LLC boosted its stake in Fidelity Total Bond ETF by 20.7% in the first quarter. Triad Wealth Partners LLC now owns 1,164,361 shares of the company’s stock valued at $53,118,000 after buying an additional 199,845 shares in the last quarter. Quotient Wealth Partners LLC grew its position in Fidelity Total Bond ETF by 32.9% in the first quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock valued at $296,589,000 after acquiring an additional 1,609,056 shares during the last quarter. Finally, Founders Financial Securities LLC grew its position in Fidelity Total Bond ETF by 10.4% in the first quarter. Founders Financial Securities LLC now owns 644,365 shares of the company’s stock valued at $29,557,000 after acquiring an additional 60,511 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.3%

Shares of NYSEARCA FBND opened at $45.49 on Tuesday. The company has a market cap of $25.49 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock has a 50-day moving average price of $45.59 and a two-hundred day moving average price of $45.94.

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.