Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Acquired by Sachetta LLC

Sachetta LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,553 shares of the company’s stock after buying an additional 19,275 shares during the period. Fidelity Total Bond ETF comprises 3.1% of Sachetta LLC’s portfolio, making the stock its 4th largest holding. Sachetta LLC’s holdings in Fidelity Total Bond ETF were worth $7,968,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Mark Sheptoff Financial Planning LLC acquired a new position in Fidelity Total Bond ETF in the third quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $30,000. Highline Wealth Partners LLC bought a new stake in Fidelity Total Bond ETF during the 3rd quarter worth approximately $47,000. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at $54,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at $87,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.01 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The stock has a market capitalization of $8.98 billion, a PE ratio of 8.85 and a beta of 0.19. The stock’s fifty day moving average is $45.26 and its 200-day moving average is $45.84.

Fidelity Total Bond ETF Company 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.