Targeted Financial Services LLC Boosts Position in Fidelity Total Bond ETF $FBND

Targeted Financial Services LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 615,521 shares of the company’s stock after purchasing an additional 82,053 shares during the quarter. Fidelity Total Bond ETF comprises approximately 20.7% of Targeted Financial Services LLC’s portfolio, making the stock its biggest holding. Targeted Financial Services LLC owned approximately 0.10% of Fidelity Total Bond ETF worth $28,000,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Capital Wealth Management LLC lifted its stake in Fidelity Total Bond ETF by 9.3% in the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after acquiring an additional 53,398 shares during the period. Cornerstone Wealth Group LLC increased its position in Fidelity Total Bond ETF by 5.8% during the 4th quarter. Cornerstone Wealth Group LLC now owns 330,234 shares of the company’s stock valued at $15,204,000 after purchasing an additional 18,123 shares during the period. Juno Financial Group LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $18,667,000. Forbes Financial Planning Inc. raised its holdings in shares of Fidelity Total Bond ETF by 12.4% in the 4th quarter. Forbes Financial Planning Inc. now owns 361,739 shares of the company’s stock valued at $16,655,000 after purchasing an additional 39,856 shares in the last quarter. Finally, Summit Financial Strategies Inc. lifted its position in shares of Fidelity Total Bond ETF by 4.3% in the 4th quarter. Summit Financial Strategies Inc. now owns 2,090,807 shares of the company’s stock worth $96,261,000 after purchasing an additional 85,577 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $44.91 on Thursday. The firm’s 50 day moving average price is $45.27 and its 200-day moving average price is $45.68. Fidelity Total Bond ETF has a 52-week low of $44.65 and a 52-week high of $46.86. The company has a market cap of $27.21 billion, a PE ratio of 8.94 and a beta of 0.27.

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.