Apella Capital LLC Purchases 26,999 Shares of Fidelity Total Bond ETF $FBND

Apella Capital LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 273,252 shares of the company’s stock after acquiring an additional 26,999 shares during the quarter. Apella Capital LLC’s holdings in Fidelity Total Bond ETF were worth $12,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF during the 1st quarter worth approximately $25,000. Tucker Asset Management LLC purchased a new position in Fidelity Total Bond ETF during the 4th quarter valued at $37,000. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the 2nd quarter valued at $49,000. Finally, Key Capital Management INC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at $49,000.

Fidelity Total Bond ETF Stock Down 0.3%

FBND stock opened at $44.92 on Friday. The business’s fifty day simple moving average is $45.32 and its two-hundred day simple moving average is $45.71. Fidelity Total Bond ETF has a twelve month low of $44.65 and a twelve month high of $46.86. The firm has a market cap of $27.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.