Harbour Investments Inc. Increases Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Harbour Investments Inc. raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 23.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 287,684 shares of the company’s stock after purchasing an additional 54,676 shares during the quarter. Harbour Investments Inc. owned 0.14% of Fidelity Total Bond ETF worth $12,926,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FBND. Summit Financial Strategies Inc. boosted its position in Fidelity Total Bond ETF by 4,346.0% during the 2nd quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock valued at $58,218,000 after buying an additional 1,266,595 shares during the period. RFG Advisory LLC boosted its holdings in shares of Fidelity Total Bond ETF by 44.0% during the first quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock worth $162,125,000 after purchasing an additional 1,093,311 shares during the period. Quotient Wealth Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter worth about $44,290,000. Falcon Wealth Planning increased its holdings in Fidelity Total Bond ETF by 466.4% during the 2nd quarter. Falcon Wealth Planning now owns 1,023,679 shares of the company’s stock valued at $45,994,000 after purchasing an additional 842,929 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Fidelity Total Bond ETF by 44.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,333,512 shares of the company’s stock valued at $105,731,000 after purchasing an additional 720,943 shares during the period.

Fidelity Total Bond ETF Trading Up 0.0 %

NYSEARCA FBND traded up $0.02 on Tuesday, hitting $46.67. The company’s stock had a trading volume of 1,321,831 shares, compared to its average volume of 1,265,416. The firm has a market cap of $9.31 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52-week low of $42.45 and a 52-week high of $46.85. The company’s 50-day simple moving average is $45.75 and its 200 day simple moving average is $45.21.

Fidelity Total Bond ETF 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.