ETF Portfolio Partners Inc. Raises Stake in Fidelity Total Bond ETF $FBND

ETF Portfolio Partners Inc. grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.1% during the second quarter, Holdings Channel reports. The institutional investor owned 399,567 shares of the company’s stock after purchasing an additional 33,182 shares during the quarter. Fidelity Total Bond ETF accounts for 4.3% of ETF Portfolio Partners Inc.’s holdings, making the stock its 8th largest holding. ETF Portfolio Partners Inc.’s holdings in Fidelity Total Bond ETF were worth $18,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Wealth Management LLC boosted its position in Fidelity Total Bond ETF by 9.3% during the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after buying an additional 53,398 shares during the period. Cornerstone Wealth Group LLC increased its position in Fidelity Total Bond ETF by 5.8% in the 4th quarter. Cornerstone Wealth Group LLC now owns 330,234 shares of the company’s stock valued at $15,204,000 after acquiring an additional 18,123 shares during the period. Juno Financial Group LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at $18,667,000. Forbes Financial Planning Inc. raised its stake in shares of Fidelity Total Bond ETF by 12.4% during the fourth quarter. Forbes Financial Planning Inc. now owns 361,739 shares of the company’s stock valued at $16,655,000 after acquiring an additional 39,856 shares during the last quarter. Finally, Summit Financial Strategies Inc. raised its stake in shares of Fidelity Total Bond ETF by 4.3% during the fourth quarter. Summit Financial Strategies Inc. now owns 2,090,807 shares of the company’s stock valued at $96,261,000 after acquiring an additional 85,577 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $44.91 on Thursday. Fidelity Total Bond ETF has a 52 week low of $44.65 and a 52 week high of $46.86. The firm has a market cap of $27.21 billion, a PE ratio of 8.94 and a beta of 0.27. The firm’s fifty day moving average is $45.27 and its 200-day moving average is $45.68.

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.