Pasadena Private Wealth LLC Acquires 14,008 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Pasadena Private Wealth LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 284,869 shares of the company’s stock after acquiring an additional 14,008 shares during the period. Fidelity Total Bond ETF makes up 2.6% of Pasadena Private Wealth LLC’s holdings, making the stock its 10th largest position. Pasadena Private Wealth LLC owned 0.14% of Fidelity Total Bond ETF worth $12,782,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FBND. Mark Sheptoff Financial Planning LLC bought a new position in Fidelity Total Bond ETF during the 3rd quarter worth approximately $25,000. Northwest Investment Counselors LLC bought a new position in shares of Fidelity Total Bond ETF during the third quarter worth $30,000. Highline Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF during the third quarter worth $47,000. Darwin Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $54,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $87,000.

Fidelity Total Bond ETF Trading Down 0.4 %

FBND stock opened at $45.14 on Wednesday. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The firm has a market cap of $9.01 billion, a PE ratio of 8.85 and a beta of 0.19. The business’s 50-day moving average price is $45.08 and its two-hundred day moving average price is $45.80.

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.