TFB Advisors LLC Acquires 21,491 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

TFB Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 394.4% in the third quarter, Holdings Channel.com reports. The firm owned 26,940 shares of the company’s stock after purchasing an additional 21,491 shares during the period. TFB Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $1,259,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth about $30,000. Transcendent Capital Group LLC bought a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at about $32,000. Highline Wealth Partners LLC purchased a new position in Fidelity Total Bond ETF in the third quarter worth about $47,000. Strategic Financial Concepts LLC bought a new position in shares of Fidelity Total Bond ETF in the second quarter worth approximately $49,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at approximately $55,000.

Fidelity Total Bond ETF Stock Up 0.7 %

Shares of FBND opened at $45.61 on Friday. Fidelity Total Bond ETF has a twelve month low of $43.34 and a twelve month high of $47.30. The company has a market capitalization of $9.10 billion, a P/E ratio of 8.85 and a beta of 0.19. The firm has a 50 day moving average of $46.36 and a 200 day moving average of $45.69.

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.