Ausdal Financial Partners Inc. Raises Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Ausdal Financial Partners Inc. boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 50.9% in the second quarter, Holdings Channel.com reports. The fund owned 55,877 shares of the company’s stock after acquiring an additional 18,855 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Fidelity Total Bond ETF were worth $2,511,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Transcendent Capital Group LLC bought a new stake in shares of Fidelity Total Bond ETF during the second quarter worth $32,000. Centerpoint Advisors LLC bought a new stake in Fidelity Total Bond ETF during the 1st quarter valued at about $37,000. Pineridge Advisors LLC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter valued at about $46,000. Strategic Financial Concepts LLC purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at about $49,000. Finally, PNC Financial Services Group Inc. bought a new position in Fidelity Total Bond ETF in the 4th quarter worth about $58,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND remained flat at $46.83 during trading on Friday. 4,963,235 shares of the stock were exchanged, compared to its average volume of 1,295,730. The business’s 50-day simple moving average is $45.95 and its two-hundred day simple moving average is $45.29. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week high of $47.03. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.