Stratos Investment Management LLC Purchases New Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Stratos Investment Management LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the third quarter, Holdings Channel reports. The fund acquired 37,231 shares of the company’s stock, valued at approximately $1,740,000.

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in shares of Fidelity Total Bond ETF by 4,145.0% during the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after purchasing an additional 3,461,472 shares during the period. Summit Financial Strategies Inc. grew its holdings in Fidelity Total Bond ETF by 4,346.0% during the second quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock worth $58,218,000 after acquiring an additional 1,266,595 shares during the period. Crane Advisory LLC purchased a new position in Fidelity Total Bond ETF in the third quarter worth $50,363,000. Quotient Wealth Partners LLC acquired a new stake in Fidelity Total Bond ETF in the second quarter valued at $44,290,000. Finally, McKinley Carter Wealth Services Inc. grew its stake in shares of Fidelity Total Bond ETF by 256.5% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock worth $63,354,000 after purchasing an additional 975,262 shares during the period.

Fidelity Total Bond ETF Stock Up 0.1 %

Shares of FBND opened at $46.14 on Friday. The company has a market capitalization of $9.21 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52-week low of $42.45 and a 52-week high of $47.30. The company has a 50-day simple moving average of $46.60 and a 200-day simple moving average of $45.59.

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.