Fidelity Total Bond ETF $FBND is Founders Financial Securities LLC’s 9th Largest Position

Founders Financial Securities LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,100 shares of the company’s stock after purchasing an additional 112,388 shares during the period. Fidelity Total Bond ETF comprises 1.7% of Founders Financial Securities LLC’s investment portfolio, making the stock its 9th biggest position. Founders Financial Securities LLC owned approximately 0.11% of Fidelity Total Bond ETF worth $24,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after buying an additional 4,963,926 shares in the last quarter. Bank of America Corp DE grew its stake in Fidelity Total Bond ETF by 5.4% in the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock valued at $561,396,000 after acquiring an additional 629,015 shares during the last quarter. Sagespring Wealth Partners LLC grew its stake in Fidelity Total Bond ETF by 1.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock valued at $445,319,000 after acquiring an additional 177,177 shares during the last quarter. Country Trust Bank increased its holdings in Fidelity Total Bond ETF by 3.3% during the 2nd quarter. Country Trust Bank now owns 6,186,144 shares of the company’s stock valued at $283,016,000 after acquiring an additional 194,869 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Fidelity Total Bond ETF by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock worth $259,347,000 after acquiring an additional 571,082 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $46.27 on Wednesday. The firm’s 50-day moving average is $46.42 and its two-hundred day moving average is $46.07. The company has a market capitalization of $22.11 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86.

About Fidelity Total Bond ETF

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.