LPL Financial LLC Acquires 600,874 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

LPL Financial LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.5% in the 3rd quarter, Holdings Channel reports. The fund owned 2,784,376 shares of the company’s stock after buying an additional 600,874 shares during the quarter. LPL Financial LLC’s holdings in Fidelity Total Bond ETF were worth $130,142,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $30,000. Transcendent Capital Group LLC bought a new position in Fidelity Total Bond ETF in the 2nd quarter worth about $32,000. Highline Wealth Partners LLC bought a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF in the third quarter worth about $54,000. Finally, Bell Investment Advisors Inc purchased a new position in Fidelity Total Bond ETF in the second quarter worth about $55,000.

Fidelity Total Bond ETF Stock Up 0.1 %

NYSEARCA:FBND opened at $45.44 on Friday. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The company’s 50 day moving average price is $46.09 and its 200-day moving average price is $45.77.

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.