Fidelity Total Bond ETF $FBND Stock Position Lifted by Genesis Private Wealth LLC

Genesis Private Wealth LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 345,605 shares of the company’s stock after acquiring an additional 16,745 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 4.2% of Genesis Private Wealth LLC’s investment portfolio, making the stock its 4th largest position. Genesis Private Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $14,965,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Community Financial Services Group LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at approximately $37,000. Manning & Napier Advisors LLC acquired a new position in Fidelity Total Bond ETF during the 1st quarter worth approximately $53,000. Mosley Wealth Management acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth approximately $64,000. Finally, Archer Investment Corp increased its position in Fidelity Total Bond ETF by 17.2% during the 1st quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock worth $101,000 after purchasing an additional 325 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $44.38 on Friday. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.78. The company has a market cap of $28.61 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm has a 50 day simple moving average of $44.02 and a 200 day simple moving average of $45.23.

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.