Uptick Partners LLC Boosts Stock Position in Fidelity Total Bond ETF $FBND

Uptick Partners LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,039 shares of the company’s stock after acquiring an additional 18,501 shares during the quarter. Fidelity Total Bond ETF comprises 0.8% of Uptick Partners LLC’s investment portfolio, making the stock its 27th biggest holding. Uptick Partners LLC’s holdings in Fidelity Total Bond ETF were worth $3,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Diversify Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 35.5% in the first quarter. Diversify Wealth Management LLC now owns 247,046 shares of the company’s stock valued at $11,241,000 after purchasing an additional 64,734 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 7.7% during the first quarter. Valmark Advisers Inc. now owns 405,292 shares of the company’s stock worth $18,489,000 after purchasing an additional 29,148 shares during the period. Pittenger & Anderson Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 216.2% during the first quarter. Pittenger & Anderson Inc. now owns 425,942 shares of the company’s stock worth $19,431,000 after purchasing an additional 291,239 shares during the period. Midwest Trust Co purchased a new position in Fidelity Total Bond ETF in the 1st quarter valued at $205,000. Finally, Fifth Third Bancorp grew its position in Fidelity Total Bond ETF by 9,573.7% in the 1st quarter. Fifth Third Bancorp now owns 164,356 shares of the company’s stock valued at $7,498,000 after buying an additional 162,657 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.25 on Monday. The stock has a market capitalization of $26.88 billion, a P/E ratio of 8.94 and a beta of 0.27. The company’s fifty day moving average is $45.48 and its two-hundred day moving average is $45.86. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86.

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.