Concurrent Investment Advisors LLC Increases Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Concurrent Investment Advisors LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 81,543 shares of the company’s stock after buying an additional 2,851 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $3,659,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FBND. Rockefeller Capital Management L.P. increased its stake in shares of Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock valued at $1,869,000 after acquiring an additional 1,188 shares during the last quarter. Arete Wealth Advisors LLC increased its position in Fidelity Total Bond ETF by 78.3% during the third quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after purchasing an additional 196,783 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after purchasing an additional 520,113 shares during the period. Centerline Wealth Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at $15,492,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co grew its stake in shares of Fidelity Total Bond ETF by 3.5% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 608,721 shares of the company’s stock valued at $28,452,000 after buying an additional 20,500 shares during the period.

Fidelity Total Bond ETF Stock Up 0.1 %

FBND stock opened at $45.26 on Friday. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The business has a fifty day simple moving average of $45.05 and a 200-day simple moving average of $45.79. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week 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.