38,695 Shares of Fidelity Total Bond ETF $FBND Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 38,695 shares of the company’s stock, valued at approximately $1,675,000.

Other hedge funds have also recently modified their holdings of the company. Signature Equity Partners LLC grew its holdings in Fidelity Total Bond ETF by 5.4% during the first quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock worth $216,000 after acquiring an additional 244 shares during the period. LCW Services LLC raised its position in Fidelity Total Bond ETF by 3.1% during the third quarter. LCW Services LLC now owns 8,913 shares of the company’s stock valued at $386,000 after acquiring an additional 272 shares in the last quarter. Insight Advisors LLC PA lifted its holdings in Fidelity Total Bond ETF by 1.6% in the first quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock valued at $821,000 after acquiring an additional 291 shares during the period. Archer Investment Corp lifted its holdings in Fidelity Total Bond ETF by 17.2% in the first quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock valued at $101,000 after acquiring an additional 325 shares during the period. Finally, Breakwater Capital Group lifted its holdings in Fidelity Total Bond ETF by 3.4% in the second quarter. Breakwater Capital Group now owns 9,876 shares of the company’s stock valued at $449,000 after acquiring an additional 327 shares during the period.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $43.76 on Thursday. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86. The stock’s 50 day simple moving average is $44.20 and its two-hundred day simple moving average is $45.01. The firm has a market cap of $28.21 billion, a PE ratio of 8.94 and a beta of 0.28.

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.