Cambridge Investment Research Advisors Inc. Boosts Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cambridge Investment Research Advisors Inc. increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 775,736 shares of the company’s stock after purchasing an additional 16,765 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $34,854,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in Fidelity Total Bond ETF in the second quarter valued at about $32,000. Centerpoint Advisors LLC purchased a new stake in Fidelity Total Bond ETF during the 1st quarter worth approximately $37,000. Pineridge Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at $46,000. PNC Financial Services Group Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $58,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at approximately $89,000.

Fidelity Total Bond ETF Stock Up 0.0 %

Shares of NYSEARCA FBND traded up $0.02 during trading on Tuesday, hitting $46.67. 1,321,831 shares of the company traded hands, compared to its average volume of 1,265,178. The firm has a market capitalization of $9.31 billion, a P/E ratio of 8.85 and a beta of 0.19. The company has a 50-day moving average price of $45.73 and a 200-day moving average price of $45.20. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.85.

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.