ERn Financial LLC Boosts Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

ERn Financial LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,158 shares of the company’s stock after acquiring an additional 2,331 shares during the period. ERn Financial LLC’s holdings in Fidelity Total Bond ETF were worth $1,036,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FBND. Mather Group LLC. increased its holdings in shares of Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after purchasing an additional 3,461,472 shares during the last quarter. Summit Financial Strategies Inc. increased its stake in shares of Fidelity Total Bond ETF by 4,346.0% in the 2nd quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock worth $58,218,000 after acquiring an additional 1,266,595 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of Fidelity Total Bond ETF by 44.0% during the 1st quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock worth $162,125,000 after acquiring an additional 1,093,311 shares during the period. Crane Advisory LLC acquired a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at about $50,363,000. Finally, Quotient Wealth Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $44,290,000.

Fidelity Total Bond ETF Trading Up 0.5 %

Fidelity Total Bond ETF stock opened at $46.24 on Wednesday. The company has a 50-day moving average price of $46.59 and a 200 day moving average price of $45.57. Fidelity Total Bond ETF has a 12-month low of $42.45 and a 12-month high of $47.30. The stock has a market cap of $9.23 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.