CRA Financial Services LLC Takes $325,000 Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

CRA Financial Services LLC bought a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,179 shares of the company’s stock, valued at approximately $325,000.

A number of other hedge funds have also recently modified their holdings of FBND. Vicus Capital raised its position in shares of Fidelity Total Bond ETF by 5.0% in the 1st quarter. Vicus Capital now owns 694,769 shares of the company’s stock worth $31,480,000 after purchasing an additional 32,947 shares during the last quarter. Baker Ellis Asset Management LLC increased its position in shares of Fidelity Total Bond ETF by 1.5% during the 1st quarter. Baker Ellis Asset Management LLC now owns 258,917 shares of the company’s stock valued at $11,732,000 after purchasing an additional 3,890 shares during the last quarter. Norris Perne & French LLP MI increased its position in shares of Fidelity Total Bond ETF by 20.2% during the 1st quarter. Norris Perne & French LLP MI now owns 20,455 shares of the company’s stock valued at $927,000 after purchasing an additional 3,440 shares during the last quarter. OneAscent Financial Services LLC increased its position in shares of Fidelity Total Bond ETF by 454.2% during the 1st quarter. OneAscent Financial Services LLC now owns 150,132 shares of the company’s stock valued at $6,827,000 after purchasing an additional 123,042 shares during the last quarter. Finally, Capital Insight Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 1st quarter valued at about $229,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND traded down $0.21 during midday trading on Friday, hitting $44.93. 1,122,481 shares of the company’s stock traded hands, compared to its average volume of 1,244,409. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.21. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm has a fifty day moving average of $44.87 and a 200 day moving average of $45.18.

Fidelity Total Bond ETF Company 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.