MCF Advisors LLC Grows Stock Holdings in Fidelity Total Bond ETF $FBND

MCF Advisors LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 43,508.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 143,907 shares of the company’s stock after purchasing an additional 143,577 shares during the quarter. MCF Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $6,664,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FBND. EnRich Financial Partners LLC increased its position in shares of Fidelity Total Bond ETF by 4.0% during the third quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock worth $21,975,000 after purchasing an additional 18,362 shares in the last quarter. Financial Management Network Inc. increased its position in shares of Fidelity Total Bond ETF by 20.3% during the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock worth $5,673,000 after purchasing an additional 20,803 shares in the last quarter. Sunburst Financial Group LLC increased its position in shares of Fidelity Total Bond ETF by 2.6% during the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after purchasing an additional 28,089 shares in the last quarter. Drake & Associates LLC increased its position in shares of Fidelity Total Bond ETF by 14.3% during the third quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after purchasing an additional 104,664 shares in the last quarter. Finally, Salus Financial Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 6.8% during the third quarter. Salus Financial Advisors LLC now owns 299,428 shares of the company’s stock worth $13,846,000 after purchasing an additional 19,085 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $45.29 on Friday. The stock’s fifty day moving average price is $45.63 and its 200 day moving average price is $46.01. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86. The company has a market cap of $25.38 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.