Schmidt P J Investment Management Inc. Purchases 5,644 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Schmidt P J Investment Management Inc. lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,684 shares of the company’s stock after purchasing an additional 5,644 shares during the quarter. Schmidt P J Investment Management Inc. owned about 0.07% of Fidelity Total Bond ETF worth $6,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new position in Fidelity Total Bond ETF during the 4th quarter worth approximately $58,000. Park Avenue Securities LLC raised its position in Fidelity Total Bond ETF by 5.8% during the 1st quarter. Park Avenue Securities LLC now owns 14,889 shares of the company’s stock worth $675,000 after buying an additional 820 shares during the last quarter. Courier Capital LLC raised its position in Fidelity Total Bond ETF by 236.9% during the 1st quarter. Courier Capital LLC now owns 35,117 shares of the company’s stock worth $1,591,000 after buying an additional 24,694 shares during the last quarter. Capital Asset Advisory Services LLC raised its position in Fidelity Total Bond ETF by 67.6% during the 1st quarter. Capital Asset Advisory Services LLC now owns 41,691 shares of the company’s stock worth $1,871,000 after buying an additional 16,816 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new position in Fidelity Total Bond ETF during the 1st quarter worth approximately $185,000.

Fidelity Total Bond ETF Trading Up 0.2 %

FBND opened at $45.79 on Friday. Fidelity Total Bond ETF has a 12-month low of $42.56 and a 12-month high of $47.30. The firm has a market capitalization of $9.14 billion, a PE ratio of 8.85 and a beta of 0.19. The firm has a 50 day moving average of $46.56 and a two-hundred day moving average of $45.61.

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.