Summit Wealth Partners LLC Has $2.68 Million Holdings in Fidelity Total Bond ETF $FBND

Summit Wealth Partners LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 62.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,685 shares of the company’s stock after acquiring an additional 22,500 shares during the period. Summit Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $2,677,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Cerity Partners LLC boosted its stake in shares of Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after buying an additional 32,071 shares during the period. Betterment LLC increased its stake in Fidelity Total Bond ETF by 2.7% during the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after acquiring an additional 2,597 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth $49,000. Graney & King LLC increased its position in shares of 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 period. Finally, Ameriprise Financial Inc. increased its position in shares of Fidelity Total Bond ETF by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after purchasing an additional 1,924 shares during the period.

Fidelity Total Bond ETF Stock Down 0.3%

FBND stock opened at $45.49 on Tuesday. The company has a market cap of $25.49 billion, a PE ratio of 8.94 and a beta of 0.27. The business has a 50-day simple moving average of $45.59 and a 200 day simple moving average of $45.94. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week 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.