EWG Elevate Inc. Has $1.15 Million Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

EWG Elevate Inc. grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,639 shares of the company’s stock after buying an additional 5,115 shares during the quarter. EWG Elevate Inc.’s holdings in Fidelity Total Bond ETF were worth $1,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FBND. Thoroughbred Financial Services LLC increased its holdings in Fidelity Total Bond ETF by 28.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 25,513 shares of the company’s stock worth $1,146,000 after purchasing an additional 5,633 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Fidelity Total Bond ETF by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock valued at $171,818,000 after acquiring an additional 825,448 shares in the last quarter. Diversify Wealth Management LLC bought a new position in Fidelity Total Bond ETF during the 2nd quarter valued at $6,825,000. Clear Investment Research LLC boosted its holdings in Fidelity Total Bond ETF by 8.6% during the 2nd quarter. Clear Investment Research LLC now owns 71,464 shares of the company’s stock worth $3,211,000 after acquiring an additional 5,679 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth $4,302,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $44.47 on Monday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The company has a market cap of $8.87 billion, a P/E ratio of 8.85 and a beta of 0.19. The firm has a 50-day moving average of $45.38 and a 200-day moving average of $45.87.

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.