Wedbush Securities Inc. grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 35.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,116 shares of the company’s stock after purchasing an additional 1,592 shares during the period. Wedbush Securities Inc.’s holdings in Fidelity Total Bond ETF were worth $274,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of FBND. PNC Financial Services Group Inc. acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth $25,000. Lindbrook Capital LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $36,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $59,000. Finally, Rothschild Investment LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter worth $63,000.
Fidelity Total Bond ETF Stock Performance
FBND opened at $45.18 on Thursday. The company has a fifty day moving average price of $45.48 and a two-hundred day moving average price of $45.53. The firm has a market capitalization of $18.47 billion, a PE ratio of 9.09 and a beta of 0.27. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30.
Fidelity Total Bond ETF Cuts Dividend
Fidelity Total Bond ETF 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.
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