Fidelity Total Bond ETF $FBND Holdings Boosted by Watchman Group Inc.

Watchman Group Inc. increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 442,443 shares of the company’s stock after purchasing an additional 30,902 shares during the quarter. Fidelity Total Bond ETF accounts for about 4.9% of Watchman Group Inc.’s holdings, making the stock its 7th biggest holding. Watchman Group Inc.’s holdings in Fidelity Total Bond ETF were worth $20,184,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. KFA Private Wealth Group LLC boosted its position in Fidelity Total Bond ETF by 8.0% during the 1st quarter. KFA Private Wealth Group LLC now owns 445,748 shares of the company’s stock valued at $20,335,000 after acquiring an additional 32,922 shares in the last quarter. Apella Capital LLC raised its holdings in Fidelity Total Bond ETF by 14.0% in the first quarter. Apella Capital LLC now owns 246,253 shares of the company’s stock worth $11,340,000 after purchasing an additional 30,217 shares in the last quarter. Capital Wealth Management LLC raised its holdings in Fidelity Total Bond ETF by 9.3% in the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after purchasing an additional 53,398 shares in the last quarter. WealthBridge Capital Management LLC lifted its position in shares of Fidelity Total Bond ETF by 12.1% during the first quarter. WealthBridge Capital Management LLC now owns 34,777 shares of the company’s stock valued at $1,587,000 after buying an additional 3,757 shares during the last quarter. Finally, Certified Advisory Corp lifted its position in shares of Fidelity Total Bond ETF by 10.3% during the first quarter. Certified Advisory Corp now owns 507,657 shares of the company’s stock valued at $23,159,000 after buying an additional 47,252 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.76 on Thursday. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The stock has a market capitalization of $25.64 billion, a P/E ratio of 8.94 and a beta of 0.27. The company’s 50-day simple moving average is $45.59 and its 200-day simple moving average is $45.93.

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.