Magnolia Capital Advisors LLC Purchases Shares of 114,216 Fidelity Total Bond ETF (NYSEARCA:FBND)

Magnolia Capital Advisors LLC acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 114,216 shares of the company’s stock, valued at approximately $5,132,000. Magnolia Capital Advisors LLC owned approximately 0.06% of Fidelity Total Bond ETF as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Country Trust Bank raised its holdings in shares of Fidelity Total Bond ETF by 12.7% during the 2nd quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock valued at $267,816,000 after buying an additional 672,872 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Total Bond ETF by 27.5% during the second quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock worth $171,818,000 after purchasing an additional 825,448 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of Fidelity Total Bond ETF by 3.1% in the second quarter. RFG Advisory LLC now owns 3,689,608 shares of the company’s stock valued at $165,774,000 after purchasing an additional 111,480 shares during the period. Legacy Wealth Management Inc grew its holdings in Fidelity Total Bond ETF by 2.3% during the 2nd quarter. Legacy Wealth Management Inc now owns 2,874,451 shares of the company’s stock valued at $129,149,000 after purchasing an additional 65,956 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Fidelity Total Bond ETF by 11.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,437,462 shares of the company’s stock worth $110,441,000 after buying an additional 247,521 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $46.85 on Friday. The company’s fifty day moving average price is $46.45 and its two-hundred day moving average price is $45.48. The firm has a market capitalization of $9.35 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $47.30.

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.