Thrivent Financial for Lutherans Has $100.98 Million Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Thrivent Financial for Lutherans increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 85.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,159,030 shares of the company’s stock after purchasing an additional 992,739 shares during the period. Thrivent Financial for Lutherans owned approximately 1.08% of Fidelity Total Bond ETF worth $100,976,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Trustmark National Bank Trust Department grew its holdings in Fidelity Total Bond ETF by 10.2% during the first quarter. Trustmark National Bank Trust Department now owns 10,289 shares of the company’s stock valued at $466,000 after purchasing an additional 953 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Fidelity Total Bond ETF in the 1st quarter worth $345,000. Sax Wealth Advisors LLC acquired a new position in Fidelity Total Bond ETF during the 1st quarter worth $2,554,000. Sentinel Pension Advisors Inc. boosted its holdings in Fidelity Total Bond ETF by 33.0% during the first quarter. Sentinel Pension Advisors Inc. now owns 308,324 shares of the company’s stock valued at $13,970,000 after acquiring an additional 76,573 shares during the period. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at about $707,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.34 on Monday. The stock has a 50-day simple moving average of $46.22 and a 200 day simple moving average of $45.75. Fidelity Total Bond ETF has a twelve month low of $43.95 and a twelve month high of $47.30. The stock has a market capitalization of $9.05 billion, a PE ratio of 8.85 and a beta of 0.19.

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.