Midwest Financial Network LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 112.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,425 shares of the company’s stock after buying an additional 12,396 shares during the quarter. Midwest Financial Network LLC’s holdings in Fidelity Total Bond ETF were worth $1,066,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Root Financial Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at $25,000. Tucker Asset Management LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at $37,000. Key Capital Management INC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at $49,000. Finally, Darwin Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the 2nd quarter worth $49,000.
Fidelity Total Bond ETF Price Performance
FBND opened at $45.06 on Thursday. The business has a fifty day moving average price of $45.33 and a 200 day moving average price of $45.72. Fidelity Total Bond ETF has a 12 month low of $44.65 and a 12 month high of $46.86. The stock has a market capitalization of $27.30 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.
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.
Read More
- Five stocks we like better than Fidelity Total Bond ETF
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
Receive News & Ratings for Fidelity Total Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Total Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
