Fidelity Total Bond ETF $FBND Holdings Lifted by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.8% in the fourth quarter, HoldingsChannel reports. The fund owned 1,196,042 shares of the company’s stock after buying an additional 145,310 shares during the period. Fidelity Total Bond ETF makes up 2.9% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 5th biggest position. Rehmann Capital Advisory Group’s holdings in Fidelity Total Bond ETF were worth $55,147,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FBND. Cerity Partners LLC grew its holdings in shares of Fidelity Total Bond ETF by 400.5% during the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after purchasing an additional 32,071 shares during the last quarter. Betterment LLC raised its position in Fidelity Total Bond ETF by 2.7% in the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after purchasing an additional 2,597 shares during the period. Darwin Wealth Management LLC bought a new stake in Fidelity Total Bond ETF in the second quarter worth $49,000. Graney & King LLC lifted its stake in Fidelity Total Bond ETF by 7.3% in the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after purchasing an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after buying an additional 1,924 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.61 on Friday. The stock’s 50-day moving average price is $45.60 and its 200-day moving average price is $45.95. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The stock has a market capitalization of $25.56 billion, a P/E ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF Company 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.