Brookstone Capital Management boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,526 shares of the company’s stock after acquiring an additional 61,756 shares during the period. Brookstone Capital Management’s holdings in Fidelity Total Bond ETF were worth $31,163,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in FBND. Mark Sheptoff Financial Planning LLC acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in Fidelity Total Bond ETF in the third quarter worth about $30,000. Highline Wealth Partners LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $54,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $87,000.
Fidelity Total Bond ETF Stock Performance
Shares of NYSEARCA:FBND traded down $0.06 during trading on Monday, reaching $44.41. The company had a trading volume of 296,532 shares, compared to its average volume of 1,745,198. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The firm has a market capitalization of $8.86 billion, a PE ratio of 8.85 and a beta of 0.19. The firm’s fifty day moving average is $45.38 and its 200 day moving average is $45.87.
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.
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