Fidelity Total Bond ETF $FBND is Dynamic Advisor Solutions LLC’s 7th Largest Position

Dynamic Advisor Solutions LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 988,443 shares of the company’s stock after purchasing an additional 42,304 shares during the quarter. Fidelity Total Bond ETF accounts for 1.3% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 7th largest holding. Dynamic Advisor Solutions LLC owned 0.22% of Fidelity Total Bond ETF worth $45,706,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FBND. Family Capital Management Inc. boosted its position in shares of Fidelity Total Bond ETF by 3.1% during the 2nd quarter. Family Capital Management Inc. now owns 73,066 shares of the company’s stock worth $3,343,000 after purchasing an additional 2,163 shares during the period. Beta Wealth Group Inc. lifted its stake in Fidelity Total Bond ETF by 3.6% during the second quarter. Beta Wealth Group Inc. now owns 62,337 shares of the company’s stock worth $2,852,000 after purchasing an additional 2,195 shares in the last quarter. Tritonpoint Wealth LLC boosted its position in shares of Fidelity Total Bond ETF by 2.2% during the second quarter. Tritonpoint Wealth LLC now owns 56,926 shares of the company’s stock worth $2,614,000 after buying an additional 1,239 shares during the period. Beacon Capital Management LLC grew its stake in shares of Fidelity Total Bond ETF by 84.6% in the second quarter. Beacon Capital Management LLC now owns 4,549 shares of the company’s stock valued at $208,000 after buying an additional 2,085 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at $427,000.

Fidelity Total Bond ETF Trading Up 0.3%

FBND opened at $46.39 on Friday. The stock’s 50-day moving average price is $46.44 and its 200 day moving average price is $46.04. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The firm has a market cap of $22.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.