Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Bought by Williams & Novak LLC

Williams & Novak LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 247,973 shares of the company’s stock after buying an additional 53,375 shares during the period. Fidelity Total Bond ETF makes up 10.7% of Williams & Novak LLC’s holdings, making the stock its biggest holding. Williams & Novak LLC’s holdings in Fidelity Total Bond ETF were worth $11,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in shares of Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after buying an additional 1,188 shares during the period. Marshall Financial Group LLC bought a new position in Fidelity Total Bond ETF during the third quarter worth $843,000. Arete Wealth Advisors LLC grew its holdings in Fidelity Total Bond ETF by 78.3% in the third quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after purchasing an additional 196,783 shares during the period. Cetera Investment Advisers increased its stake in Fidelity Total Bond ETF by 31.7% in the second quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock valued at $71,519,000 after purchasing an additional 383,302 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after purchasing an additional 520,113 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.19 on Wednesday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The stock has a market capitalization of $9.02 billion, a PE ratio of 8.85 and a beta of 0.19. The company’s 50-day moving average is $45.25 and its 200-day moving average 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.