Fidelity Total Bond ETF $FBND Shares Bought by Beacon Capital Management LLC

Beacon Capital Management LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 84.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,549 shares of the company’s stock after acquiring an additional 2,085 shares during the quarter. Beacon Capital Management LLC’s holdings in Fidelity Total Bond ETF were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter worth approximately $427,000. Cerity Partners LLC raised its stake in shares of Fidelity Total Bond ETF by 27.5% during the 1st quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock worth $366,000 after buying an additional 1,729 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Fidelity Total Bond ETF by 1.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 150,385 shares of the company’s stock worth $6,862,000 after buying an additional 2,642 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Fidelity Total Bond ETF by 69.2% during the 1st quarter. Park Avenue Securities LLC now owns 22,559 shares of the company’s stock worth $1,030,000 after buying an additional 9,225 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Fidelity Total Bond ETF by 1.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 208,265 shares of the company’s stock worth $9,507,000 after buying an additional 2,203 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of FBND stock opened at $46.28 on Friday. The company has a market cap of $20.01 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. The stock has a 50 day simple moving average of $46.01 and a 200-day simple moving average of $45.57. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.95.

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.