IFP Advisors Inc Grows Position in Fidelity Total Bond ETF $FBND

IFP Advisors Inc grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,463 shares of the company’s stock after buying an additional 6,166 shares during the period. IFP Advisors Inc’s holdings in Fidelity Total Bond ETF were worth $5,008,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tritonpoint Wealth LLC increased its position in Fidelity Total Bond ETF by 2.2% during the second quarter. Tritonpoint Wealth LLC now owns 56,926 shares of the company’s stock worth $2,614,000 after buying an additional 1,239 shares in the last quarter. Diversified Trust Co purchased a new position in Fidelity Total Bond ETF during the second quarter worth $427,000. Beacon Capital Management LLC increased its position in Fidelity Total Bond ETF by 84.6% during the second quarter. Beacon Capital Management LLC now owns 4,549 shares of the company’s stock worth $208,000 after buying an additional 2,085 shares in the last quarter. Cerity Partners LLC increased its position in Fidelity Total Bond ETF by 27.5% during the first quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock worth $366,000 after buying an additional 1,729 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Fidelity Total Bond ETF by 1.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 150,385 shares of the company’s stock worth $6,862,000 after buying an additional 2,642 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $46.27 on Friday. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.82. The stock has a fifty day moving average of $46.14 and a two-hundred day moving average of $45.61.

Fidelity Total Bond ETF 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.