Norris Perne & French LLP MI Grows Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Norris Perne & French LLP MI raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 20.2% during the first quarter, HoldingsChannel reports. The fund owned 20,455 shares of the company’s stock after buying an additional 3,440 shares during the period. Norris Perne & French LLP MI’s holdings in Fidelity Total Bond ETF were worth $927,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Total Bond ETF by 2,874.0% during the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock valued at $130,996,000 after purchasing an additional 2,906,069 shares in the last quarter. FMR LLC lifted its holdings in shares of Fidelity Total Bond ETF by 26,366.0% during the third quarter. FMR LLC now owns 2,086,842 shares of the company’s stock valued at $90,903,000 after purchasing an additional 2,078,957 shares in the last quarter. RFG Advisory LLC lifted its holdings in shares of Fidelity Total Bond ETF by 44.0% during the first quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock valued at $162,125,000 after purchasing an additional 1,093,311 shares in the last quarter. Sherrill & Hutchins Financial Advisory Inc bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at $33,506,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Total Bond ETF by 83.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,536,701 shares of the company’s stock valued at $70,750,000 after purchasing an additional 697,993 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.5 %

FBND stock traded down $0.21 during trading on Friday, reaching $44.93. The stock had a trading volume of 1,122,481 shares, compared to its average volume of 1,244,409. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $46.21. The stock’s 50 day moving average is $44.87 and its two-hundred day moving average is $45.18. The firm has a market cap of $8.97 billion, a PE ratio of 8.85 and a beta of 0.19.

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.