ABLE Financial Group LLC Buys 71,000 Shares of Fidelity Total Bond ETF $FBND

ABLE Financial Group LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 862,676 shares of the company’s stock after purchasing an additional 71,000 shares during the quarter. Fidelity Total Bond ETF comprises about 5.8% of ABLE Financial Group LLC’s portfolio, making the stock its biggest position. ABLE Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $37,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of FBND. Bank of America Corp DE raised its position in Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after purchasing an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Fidelity Total Bond ETF by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after buying an additional 587,351 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Fidelity Total Bond ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after buying an additional 930,834 shares in the last quarter. Sax Wealth Advisors LLC boosted its position in Fidelity Total Bond ETF by 49.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after buying an additional 2,236,473 shares during the last quarter. Finally, Quotient Wealth Partners LLC boosted its position in Fidelity Total Bond ETF by 32.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock valued at $296,589,000 after buying an additional 1,609,056 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

FBND stock traded down $0.06 during midday trading on Wednesday, reaching $43.47. The stock had a trading volume of 1,609,406 shares, compared to its average volume of 3,150,332. The firm has a market cap of $28.02 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.86. The business has a fifty day simple moving average of $44.35 and a two-hundred day simple moving average of $45.08.

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.