Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Purchased by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 284,869 shares of the company’s stock after purchasing an additional 14,008 shares during the period. Fidelity Total Bond ETF makes up 2.6% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 10th biggest holding. Pasadena Private Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $12,782,000 at the end of the most recent quarter.

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

Fidelity Total Bond ETF Trading Down 0.4 %

Shares of FBND opened at $45.14 on Wednesday. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The firm has a fifty day simple moving average of $45.08 and a 200 day simple moving average of $45.80.

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.