Eudaimonia Advisors LLC Raises Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Eudaimonia Advisors LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 72,220 shares of the company’s stock after purchasing an additional 1,538 shares during the quarter. Fidelity Total Bond ETF accounts for about 2.2% of Eudaimonia Advisors LLC’s portfolio, making the stock its 6th biggest position. Eudaimonia Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $3,325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Fidelity Total Bond ETF by 2,874.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock worth $130,996,000 after buying an additional 2,906,069 shares during the period. Legacy Wealth Management Inc acquired a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $120,780,000. UBS Group AG grew its position in Fidelity Total Bond ETF by 9.8% during the 3rd quarter. UBS Group AG now owns 2,421,460 shares of the company’s stock worth $105,479,000 after purchasing an additional 216,582 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF by 12.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,189,941 shares of the company’s stock valued at $100,825,000 after purchasing an additional 237,581 shares in the last quarter. Finally, Blue Chip Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 8,501.0% in the third quarter. Blue Chip Partners LLC now owns 2,153,777 shares of the company’s stock worth $93,819,000 after buying an additional 2,128,736 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND traded up $0.11 during trading hours on Tuesday, hitting $44.41. 1,002,077 shares of the company’s stock traded hands, compared to its average volume of 1,310,097. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $46.38. The firm has a market cap of $8.81 billion, a P/E ratio of 8.76 and a beta of 0.15. The stock’s fifty day moving average price is $45.02 and its two-hundred day moving average price is $44.80.

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.