Thrivent Financial for Lutherans Raises Holdings in Fidelity Total Bond ETF $FBND

Thrivent Financial for Lutherans grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,196,841 shares of the company’s stock after purchasing an additional 207,111 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fidelity Total Bond ETF were worth $147,251,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Cornerstone Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 13.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 256,940 shares of the company’s stock worth $11,830,000 after buying an additional 31,193 shares during the period. Flavin Financial Services Inc. lifted its stake in shares of Fidelity Total Bond ETF by 4.6% during the 4th quarter. Flavin Financial Services Inc. now owns 163,190 shares of the company’s stock worth $7,513,000 after purchasing an additional 7,208 shares during the last quarter. Financial Strategies Group Inc. lifted its stake in shares of Fidelity Total Bond ETF by 3.8% during the 4th quarter. Financial Strategies Group Inc. now owns 559,240 shares of the company’s stock worth $25,792,000 after purchasing an additional 20,467 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Fidelity Total Bond ETF by 296.9% during the 4th quarter. Allworth Financial LP now owns 1,190,370 shares of the company’s stock worth $54,805,000 after purchasing an additional 890,484 shares during the last quarter. Finally, Landmark Wealth Management LLC lifted its stake in shares of Fidelity Total Bond ETF by 6.8% during the 4th quarter. Landmark Wealth Management LLC now owns 133,082 shares of the company’s stock worth $6,127,000 after purchasing an additional 8,487 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.50 on Friday. The stock has a market capitalization of $25.49 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $44.73 and a 1-year high of $46.86. The business has a fifty day moving average price of $45.80 and a 200 day moving average price of $46.13.

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.