214,057 Fidelity Total Bond ETF $FBND Shares Bought by Essex LLC

Essex LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 886.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 238,204 shares of the company’s stock after buying an additional 214,057 shares during the period. Fidelity Total Bond ETF comprises 1.5% of Essex LLC’s holdings, making the stock its 18th largest position. Essex LLC’s holdings in Fidelity Total Bond ETF were worth $10,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ABLE Financial Group LLC lifted its holdings in Fidelity Total Bond ETF by 9.0% during the 3rd quarter. ABLE Financial Group LLC now owns 862,676 shares of the company’s stock valued at $37,354,000 after purchasing an additional 71,000 shares during the last quarter. WestHill Financial Advisors Inc. boosted its stake in Fidelity Total Bond ETF by 11.0% in the 3rd quarter. WestHill Financial Advisors Inc. now owns 1,015,500 shares of the company’s stock valued at $43,971,000 after purchasing an additional 100,518 shares during the period. Lineweaver Wealth Advisors LLC increased its position in Fidelity Total Bond ETF by 3.4% during the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 934,473 shares of the company’s stock worth $40,463,000 after buying an additional 30,654 shares during the period. Forvis Mazars Wealth Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 1.9% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 3,025,737 shares of the company’s stock valued at $131,015,000 after acquiring an additional 57,010 shares during the period. Finally, 21 West Wealth Management LLC raised its stake in Fidelity Total Bond ETF by 4.9% in the 3rd quarter. 21 West Wealth Management LLC now owns 82,293 shares of the company’s stock worth $3,563,000 after purchasing an additional 3,830 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock traded up $0.02 during trading on Wednesday, hitting $43.54. The company had a trading volume of 4,366,311 shares, compared to its average volume of 3,165,075. The firm has a market capitalization of $28.07 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.86. The stock’s 50-day moving average price is $44.35 and its 200 day moving average price is $45.08.

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.