Summit Financial Strategies Inc. Has $77.96 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Summit Financial Strategies Inc. grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.3% during the 4th quarter, Holdings Channel reports. The fund owned 1,737,448 shares of the company’s stock after buying an additional 147,437 shares during the period. Fidelity Total Bond ETF comprises 8.6% of Summit Financial Strategies Inc.’s portfolio, making the stock its 3rd biggest holding. Summit Financial Strategies Inc.’s holdings in Fidelity Total Bond ETF were worth $77,959,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FBND. FMR LLC boosted its position in shares of Fidelity Total Bond ETF by 2.2% in the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after purchasing an additional 267,811 shares during the period. JPMorgan Chase & Co. boosted its holdings in Fidelity Total Bond ETF by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after buying an additional 520,113 shares during the period. RFG Advisory LLC increased its stake in Fidelity Total Bond ETF by 6.2% in the 4th quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after buying an additional 250,764 shares in the last quarter. Mather Group LLC. raised its holdings in Fidelity Total Bond ETF by 4,145.0% during the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after acquiring an additional 3,461,472 shares during the period. Finally, Legacy Wealth Management Inc lifted its position in shares of Fidelity Total Bond ETF by 4.9% in the fourth quarter. Legacy Wealth Management Inc now owns 3,080,887 shares of the company’s stock valued at $138,239,000 after acquiring an additional 143,631 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.2 %

NYSEARCA FBND opened at $45.01 on Monday. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The business has a 50-day moving average price of $45.26 and a 200-day moving average price of $45.84. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.