Fidelity Total Bond ETF $FBND Holdings Lifted by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,546,072 shares of the company’s stock after purchasing an additional 161,872 shares during the period. Fidelity Total Bond ETF accounts for 7.7% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 4th largest holding. Summit Financial Strategies Inc. owned approximately 0.39% of Fidelity Total Bond ETF worth $110,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steph & Co. lifted its holdings in Fidelity Total Bond ETF by 27.3% during the 3rd quarter. Steph & Co. now owns 316,767 shares of the company’s stock worth $13,716,000 after buying an additional 67,854 shares during the last quarter. Capital Wealth Management LLC boosted its position in shares of Fidelity Total Bond ETF by 9.3% during the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after acquiring an additional 53,398 shares in the last quarter. Barry Investment Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 22.6% during the 1st quarter. Barry Investment Advisors LLC now owns 128,125 shares of the company’s stock worth $5,868,000 after acquiring an additional 23,595 shares in the last quarter. Corient Private Wealth LP increased its holdings in shares of Fidelity Total Bond ETF by 5.4% in the 2nd quarter. Corient Private Wealth LP now owns 1,808,251 shares of the company’s stock valued at $82,259,000 after acquiring an additional 92,976 shares during the last quarter. Finally, Waterway Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 2,335.5% in the 1st quarter. Waterway Wealth Management LLC now owns 184,513 shares of the company’s stock valued at $8,417,000 after acquiring an additional 176,937 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $43.54 on Thursday. Fidelity Total Bond ETF has a fifty-two week low of $43.11 and a fifty-two week high of $46.86. The firm has a market capitalization of $28.07 billion, a PE ratio of 8.94 and a beta of 0.28. The stock’s 50-day simple moving average is $44.32 and its 200-day simple moving average is $45.07.

Fidelity Total Bond ETF 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.