ERn Financial LLC Boosts Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

ERn Financial LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,747 shares of the company’s stock after acquiring an additional 589 shares during the period. ERn Financial LLC’s holdings in Fidelity Total Bond ETF were worth $1,021,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FBND. Mark Sheptoff Financial Planning LLC acquired a new position in Fidelity Total Bond ETF during the third quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth approximately $30,000. Highline Wealth Partners LLC acquired a new position in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $47,000. Darwin Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Fidelity Total Bond ETF during the third quarter worth approximately $87,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $44.83 on Thursday. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The firm’s fifty day moving average price is $45.33 and its 200 day moving average price is $45.85.

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.