Fidelity Total Bond ETF $FBND Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 250,481 shares of the company’s stock after buying an additional 20,422 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity Total Bond ETF were worth $11,532,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth about $32,000. Clearstead Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth about $36,000. Tucker Asset Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth about $37,000. First Command Advisory Services Inc. purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth about $47,000. Finally, Key Capital Management INC purchased a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth about $49,000.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.04 on Wednesday. The stock’s 50-day moving average is $45.73 and its 200-day moving average is $46.09. The company has a market cap of $25.24 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12 month low of $44.73 and a 12 month high of $46.86.

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.