Fidelity Total Bond ETF $FBND Shares Bought by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 234.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 26,796 shares of the company’s stock after purchasing an additional 18,777 shares during the period. Pasadena Private Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $1,222,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF in the fourth quarter worth about $25,000. GHP Investment Advisors Inc. bought a new stake in Fidelity Total Bond ETF in the first quarter valued at about $25,000. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the fourth quarter valued at approximately $32,000. Clearstead Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the third quarter valued at approximately $36,000. Finally, Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF during the 4th quarter worth approximately $37,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.82 on Monday. The company has a market cap of $25.67 billion, a PE ratio of 8.94 and a beta of 0.27. The business’s 50 day moving average is $45.58 and its two-hundred day moving average is $45.92. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86.

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.