Fidelity Total Bond ETF (NYSEARCA:FBND) is Hofer & Associates. Inc’s 6th Largest Position

Hofer & Associates. Inc increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 16.6% in the fourth quarter, Holdings Channel reports. The fund owned 142,867 shares of the company’s stock after purchasing an additional 20,307 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 4.3% of Hofer & Associates. Inc’s portfolio, making the stock its 6th largest position. Hofer & Associates. Inc’s holdings in Fidelity Total Bond ETF were worth $6,410,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its holdings in Fidelity Total Bond ETF by 3.1% in the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after purchasing an additional 1,188 shares in the last quarter. Marshall Financial Group LLC bought a new position in Fidelity Total Bond ETF in the third quarter worth about $843,000. Arete Wealth Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 78.3% during the third quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock valued at $20,923,000 after acquiring an additional 196,783 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after acquiring an additional 520,113 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 5.5% during the third quarter. Stratos Wealth Advisors LLC now owns 45,486 shares of the company’s stock valued at $2,126,000 after acquiring an additional 2,366 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.1 %

FBND opened at $45.04 on Friday. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The company has a market cap of $8.99 billion, a P/E ratio of 8.85 and a beta of 0.19. The firm’s 50-day moving average price is $45.24 and its 200-day moving average price is $45.83.

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.