ETF Portfolio Partners Inc. Boosts Position in Fidelity Total Bond ETF $FBND

ETF Portfolio Partners Inc. lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.6% in the third quarter, HoldingsChannel reports. The fund owned 352,473 shares of the company’s stock after acquiring an additional 21,965 shares during the period. Fidelity Total Bond ETF makes up approximately 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 $16,298,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. raised its holdings in Fidelity Total Bond ETF by 2.2% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 986,032 shares of the company’s stock valued at $45,594,000 after acquiring an additional 21,091 shares during the period. Family Capital Management Inc. boosted its stake in shares of Fidelity Total Bond ETF by 3.1% in the second quarter. Family Capital Management Inc. now owns 73,066 shares of the company’s stock worth $3,343,000 after acquiring an additional 2,163 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of Fidelity Total Bond ETF by 4.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 988,443 shares of the company’s stock worth $45,706,000 after purchasing an additional 42,304 shares in the last quarter. Weatherly Asset Management L. P. grew its position in shares of Fidelity Total Bond ETF by 8.6% during the third quarter. Weatherly Asset Management L. P. now owns 840,368 shares of the company’s stock worth $38,980,000 after purchasing an additional 66,885 shares in the last quarter. Finally, Beta Wealth Group Inc. raised its stake in Fidelity Total Bond ETF by 3.6% during the 2nd quarter. Beta Wealth Group Inc. now owns 62,337 shares of the company’s stock valued at $2,852,000 after purchasing an additional 2,195 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $46.04 on Friday. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86. The stock has a market cap of $22.00 billion, a PE ratio of 8.94 and a beta of 0.28. The stock’s 50 day moving average is $46.35 and its 200 day moving average is $46.12.

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.