Fidelity Total Bond ETF (NYSEARCA:FBND) Stake Boosted by tru Independence LLC

tru Independence LLC lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 265,082 shares of the company’s stock after purchasing an additional 16,707 shares during the period. Fidelity Total Bond ETF accounts for approximately 3.7% of tru Independence LLC’s investment portfolio, making the stock its 3rd largest holding. tru Independence LLC’s holdings in Fidelity Total Bond ETF were worth $11,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. raised its holdings in Fidelity Total Bond ETF by 4,145.0% during the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after acquiring an additional 3,461,472 shares during the period. Crane Advisory LLC bought a new stake in shares of Fidelity Total Bond ETF in the third quarter worth about $50,363,000. Thrivent Financial for Lutherans increased its holdings in shares of Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after purchasing an additional 992,739 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its holdings in shares of Fidelity Total Bond ETF by 256.5% in the third quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock worth $63,354,000 after purchasing an additional 975,262 shares during the last quarter. Finally, Fermata Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 771.5% in the third quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock worth $48,921,000 after purchasing an additional 926,557 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.5 %

Shares of FBND stock opened at $45.15 on Monday. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The stock’s 50-day moving average price is $45.26 and its 200-day moving average price is $45.84. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.