268,401 Shares in Fidelity Total Bond ETF (NYSEARCA:FBND) Acquired by Dahring Cusmano LLC

Dahring Cusmano LLC acquired a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 268,401 shares of the company’s stock, valued at approximately $12,043,000. Fidelity Total Bond ETF accounts for about 10.9% of Dahring Cusmano LLC’s investment portfolio, making the stock its 2nd biggest holding. Dahring Cusmano LLC owned approximately 0.13% of Fidelity Total Bond ETF at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in shares of Fidelity Total Bond ETF by 85.1% during the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after buying an additional 992,739 shares during the last quarter. Aptus Capital Advisors LLC acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $40,718,000. Valeo Financial Advisors LLC raised its stake in Fidelity Total Bond ETF by 322.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 942,475 shares of the company’s stock valued at $42,289,000 after acquiring an additional 719,592 shares in the last quarter. Sax Wealth Advisors LLC boosted its position in Fidelity Total Bond ETF by 94.0% during the 4th quarter. Sax Wealth Advisors LLC now owns 1,394,635 shares of the company’s stock worth $62,577,000 after acquiring an additional 675,795 shares during the period. Finally, OLIO Financial Planning grew its stake in shares of Fidelity Total Bond ETF by 584.5% in the fourth quarter. OLIO Financial Planning now owns 765,888 shares of the company’s stock worth $34,365,000 after purchasing an additional 653,991 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.45 on Friday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The stock’s fifty day moving average is $45.04 and its 200-day moving average is $45.79. The firm has a market capitalization of $9.07 billion, a price-to-earnings 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.