Intelligence Driven Advisers LLC Buys 4,858 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Intelligence Driven Advisers LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 105.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,458 shares of the company’s stock after acquiring an additional 4,858 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Fidelity Total Bond ETF were worth $425,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FBND. Transcendent Capital Group LLC acquired a new position in Fidelity Total Bond ETF in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC acquired a new position in Fidelity Total Bond ETF in the 1st quarter valued at $37,000. Pineridge Advisors LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at $46,000. PNC Financial Services Group Inc. bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $58,000. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $89,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND remained flat at $46.83 during trading on Friday. The stock had a trading volume of 4,963,235 shares, compared to its average volume of 1,295,730. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $47.03. The business’s 50 day moving average price is $45.95 and its 200 day moving average price is $45.29. The company has a market capitalization of $9.34 billion, a price-to-earnings 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.