InTrack Investment Management Inc Increases Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

InTrack Investment Management Inc increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 109.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,465 shares of the company’s stock after acquiring an additional 8,603 shares during the quarter. InTrack Investment Management Inc’s holdings in Fidelity Total Bond ETF were worth $746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Fidelity Total Bond ETF by 2,874.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock worth $130,996,000 after acquiring an additional 2,906,069 shares in the last quarter. RFG Advisory LLC lifted its position 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 buying an additional 1,093,311 shares during the last quarter. Sherrill & Hutchins Financial Advisory Inc purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at about $33,506,000. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity Total Bond ETF by 83.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,536,701 shares of the company’s stock valued at $70,750,000 after buying an additional 697,993 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Fidelity Total Bond ETF by 31.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock worth $121,868,000 after buying an additional 628,777 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND traded up $0.16 during mid-day trading on Tuesday, hitting $44.81. 895,305 shares of the company’s stock traded hands, compared to its average volume of 1,241,564. The company has a fifty day moving average of $44.88 and a 200 day moving average of $45.16. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $46.21. The company has a market capitalization of $8.94 billion, a P/E 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.