Founders Financial Securities LLC Acquires 56,754 Shares of Fidelity Total Bond ETF $FBND

Founders Financial Securities LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 583,854 shares of the company’s stock after purchasing an additional 56,754 shares during the period. Fidelity Total Bond ETF makes up 1.6% of Founders Financial Securities LLC’s holdings, making the stock its 12th biggest holding. Founders Financial Securities LLC’s holdings in Fidelity Total Bond ETF were worth $26,881,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dupree Financial Group LLC lifted its position in shares of Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock worth $651,000 after buying an additional 219 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Fidelity Total Bond ETF by 0.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after buying an additional 220 shares during the last quarter. RWA Wealth Partners LLC lifted its position in shares of Fidelity Total Bond ETF by 2.6% during the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after buying an additional 241 shares during the last quarter. Capital CS Group LLC lifted its position in shares of Fidelity Total Bond ETF by 4.8% during the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock worth $288,000 after buying an additional 286 shares during the last quarter. Finally, Investment Advisory Group LLC lifted its position in shares of Fidelity Total Bond ETF by 0.4% during the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock worth $3,277,000 after buying an additional 303 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

Shares of FBND stock opened at $45.52 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The company has a market cap of $25.50 billion, a P/E ratio of 8.94 and a beta of 0.28. The business has a fifty day simple moving average of $45.65 and a 200 day simple moving average of $46.05.

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.