Pittenger & Anderson Inc. increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 43.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,777 shares of the company’s stock after acquiring an additional 7,854 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Fidelity Total Bond ETF were worth $1,205,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $30,000. Transcendent Capital Group LLC purchased a new stake in Fidelity Total Bond ETF during the second quarter valued at about $32,000. Highline Wealth Partners LLC bought a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at about $47,000. Strategic Financial Concepts LLC bought a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at about $49,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at about $55,000.
Fidelity Total Bond ETF Trading Up 0.2 %
FBND stock opened at $45.61 on Wednesday. The company’s 50 day moving average is $46.40 and its 200 day moving average is $45.69. The stock has a market cap of $9.10 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 $43.34 and a 1-year high of $47.30.
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.
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