Dahring Cusmano LLC Takes $12.04 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Dahring Cusmano LLC acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, Holdings Channel reports. The firm acquired 268,401 shares of the company’s stock, valued at approximately $12,043,000. Fidelity Total Bond ETF makes up approximately 10.9% of Dahring Cusmano LLC’s holdings, making the stock its 2nd biggest holding.

Several other institutional investors have also modified their holdings of FBND. Thrivent Financial for Lutherans grew its holdings in Fidelity Total Bond ETF by 85.1% during the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after acquiring an additional 992,739 shares during the period. Aptus Capital Advisors LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at about $40,718,000. Valeo Financial Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 322.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 942,475 shares of the company’s stock worth $42,289,000 after purchasing an additional 719,592 shares during the last quarter. Sax Wealth Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 94.0% in the 4th quarter. Sax Wealth Advisors LLC now owns 1,394,635 shares of the company’s stock worth $62,577,000 after purchasing an additional 675,795 shares in the last quarter. Finally, OLIO Financial Planning raised its holdings in shares of Fidelity Total Bond ETF by 584.5% in the 4th quarter. OLIO Financial Planning now owns 765,888 shares of the company’s stock worth $34,365,000 after purchasing an additional 653,991 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.45 on Friday. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The company has a 50 day moving average price of $45.04 and a 200 day moving average price of $45.79.

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.