Fidelity Total Bond ETF $FBND Stock Purchased by tru Independence LLC

tru Independence LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 455,303 shares of the company’s stock after buying an additional 19,576 shares during the period. Fidelity Total Bond ETF comprises approximately 8.4% of tru Independence LLC’s holdings, making the stock its 3rd largest position. tru Independence LLC’s holdings in Fidelity Total Bond ETF were worth $19,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Investment Research Partners LLC boosted its holdings in shares of Fidelity Total Bond ETF by 36.7% in the third quarter. Investment Research Partners LLC now owns 7,934 shares of the company’s stock valued at $344,000 after acquiring an additional 2,131 shares in the last quarter. Retirement Planning Group LLC raised its holdings in Fidelity Total Bond ETF by 5.2% during the third quarter. Retirement Planning Group LLC now owns 3,317,717 shares of the company’s stock worth $143,657,000 after purchasing an additional 164,392 shares in the last quarter. Fairvoy Private Wealth LLC raised its holdings in Fidelity Total Bond ETF by 25.2% during the third quarter. Fairvoy Private Wealth LLC now owns 34,688 shares of the company’s stock worth $1,502,000 after purchasing an additional 6,989 shares in the last quarter. LongView Wealth Management raised its holdings in Fidelity Total Bond ETF by 3.1% during the third quarter. LongView Wealth Management now owns 319,331 shares of the company’s stock worth $13,827,000 after purchasing an additional 9,684 shares in the last quarter. Finally, Foguth Wealth Management LLC. lifted its position in Fidelity Total Bond ETF by 10.9% in the third quarter. Foguth Wealth Management LLC. now owns 5,609 shares of the company’s stock worth $246,000 after purchasing an additional 553 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND opened at $43.68 on Tuesday. The business has a 50 day moving average price of $44.25 and a two-hundred day moving average price of $45.03. The company has a market capitalization of $28.16 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $43.11 and a 1-year high of $46.86.

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.