tru Independence LLC Buys 28,443 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

tru Independence LLC grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,983 shares of the company’s stock after purchasing an additional 28,443 shares during the period. Fidelity Total Bond ETF makes up approximately 2.9% of tru Independence LLC’s holdings, making the stock its 3rd largest holding. tru Independence LLC owned approximately 0.11% of Fidelity Total Bond ETF worth $9,659,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FBND. Country Trust Bank grew its position in Fidelity Total Bond ETF by 12.7% in the second quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock valued at $267,816,000 after acquiring an additional 672,872 shares during the period. RFG Advisory LLC lifted its holdings in Fidelity Total Bond ETF by 3.1% in the second quarter. RFG Advisory LLC now owns 3,689,608 shares of the company’s stock valued at $165,774,000 after buying an additional 111,480 shares during the period. Legacy Wealth Management Inc boosted its position in shares of Fidelity Total Bond ETF by 2.3% in the 2nd quarter. Legacy Wealth Management Inc now owns 2,874,451 shares of the company’s stock worth $129,149,000 after purchasing an additional 65,956 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Fidelity Total Bond ETF by 31.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock worth $121,868,000 after buying an additional 628,777 shares during the last quarter. Finally, UBS Group AG boosted its stake in Fidelity Total Bond ETF by 0.8% during the 4th quarter. UBS Group AG now owns 2,440,424 shares of the company’s stock worth $112,357,000 after acquiring an additional 18,964 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $46.83 on Friday. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $47.03. The stock has a market cap of $9.34 billion, a P/E ratio of 8.85 and a beta of 0.19. The company has a fifty day simple moving average of $45.95 and a 200 day simple moving average of $45.29.

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.