Financial Management Network Inc. Takes $2.52 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Financial Management Network Inc. acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, HoldingsChannel reports. The fund acquired 56,230 shares of the company’s stock, valued at approximately $2,523,000.

A number of other institutional investors have also made changes to their positions in the stock. Wealthcare Capital Management LLC grew its stake in Fidelity Total Bond ETF by 3.0% in the fourth quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock valued at $356,000 after acquiring an additional 231 shares during the period. Dupree Financial Group LLC lifted its position in shares of Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock valued at $677,000 after buying an additional 238 shares during the last quarter. Peterson Wealth Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 0.8% in the third quarter. Peterson Wealth Advisors LLC now owns 31,396 shares of the company’s stock valued at $1,467,000 after buying an additional 246 shares during the last quarter. Tritonpoint Wealth LLC lifted its position in shares of Fidelity Total Bond ETF by 1.7% in the fourth quarter. Tritonpoint Wealth LLC now owns 18,718 shares of the company’s stock valued at $844,000 after buying an additional 311 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC lifted its position in shares of Fidelity Total Bond ETF by 0.8% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 48,479 shares of the company’s stock valued at $2,175,000 after buying an additional 386 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.4 %

Shares of NYSEARCA FBND opened at $45.14 on Wednesday. The business’s 50 day moving average is $45.08 and its 200-day moving average is $45.80. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The firm has a market cap of $9.01 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.