Fidelity Total Bond ETF $FBND is Founders Financial Securities LLC’s 10th Largest Position

Founders Financial Securities LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 644,365 shares of the company’s stock after purchasing an additional 60,511 shares during the period. Fidelity Total Bond ETF accounts for about 1.8% of Founders Financial Securities LLC’s holdings, making the stock its 10th biggest position. Founders Financial Securities LLC owned approximately 0.12% of Fidelity Total Bond ETF worth $29,557,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dupree Financial Group LLC grew its holdings in shares of Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after acquiring an additional 219 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Fidelity Total Bond ETF by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after purchasing an additional 220 shares during the last quarter. RWA Wealth Partners LLC grew its stake in Fidelity Total Bond ETF by 2.6% in the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after purchasing an additional 241 shares during the period. Investment Advisory Group LLC grew its stake in Fidelity Total Bond ETF by 0.4% in the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after purchasing an additional 303 shares during the period. Finally, Keystone Financial Group increased its position in shares of Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock valued at $477,000 after purchasing an additional 315 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $45.61 on Friday. The business’s fifty day moving average is $45.60 and its 200-day moving average is $45.95. The stock has a market capitalization of $25.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86.

About Fidelity Total Bond ETF

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.