TrueWealth Advisors LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 616,590 shares of the company’s stock after acquiring an additional 12,297 shares during the quarter. Fidelity Total Bond ETF comprises 6.3% of TrueWealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. TrueWealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $28,049,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF during the first quarter worth approximately $25,000. Tucker Asset Management LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $37,000. Key Capital Management INC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $49,000. Finally, Darwin Wealth Management LLC bought a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at $49,000.
Fidelity Total Bond ETF Price Performance
Shares of NYSEARCA FBND opened at $45.00 on Friday. The stock’s fifty day moving average price is $45.31 and its two-hundred day moving average price is $45.70. Fidelity Total Bond ETF has a one year low of $44.65 and a one year high of $46.86. The firm has a market cap of $27.26 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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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