Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Purchased by Capital Wealth Management LLC

Capital Wealth Management LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 304,497 shares of the company’s stock after buying an additional 15,201 shares during the quarter. Fidelity Total Bond ETF makes up about 6.1% of Capital Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Capital Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $14,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC bought a new stake in Fidelity Total Bond ETF during the 1st quarter worth approximately $37,000. Bell Investment Advisors Inc bought a new stake in Fidelity Total Bond ETF during the 2nd quarter worth approximately $55,000. PNC Financial Services Group Inc. bought a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $58,000. Finally, Cullen Frost Bankers Inc. grew its position in Fidelity Total Bond ETF by 2,468.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,618 shares of the company’s stock worth $73,000 after acquiring an additional 1,555 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.1 %

NYSEARCA FBND traded up $0.04 during trading hours on Friday, reaching $46.14. 937,971 shares of the company’s stock were exchanged, compared to its average volume of 1,341,126. The stock has a market cap of $9.21 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $47.30. The firm has a fifty day moving average of $46.60 and a 200-day moving average of $45.59.

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.