Brookstone Capital Management Grows Position in Fidelity Total Bond ETF $FBND

Brookstone Capital Management grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 719,287 shares of the company’s stock after purchasing an additional 21,974 shares during the quarter. Brookstone Capital Management owned approximately 0.16% of Fidelity Total Bond ETF worth $33,260,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new position in Fidelity Total Bond ETF in the second quarter valued at $27,000. Caldwell Trust Co purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth about $34,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at about $38,000. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at about $49,000. Finally, Clarity Asset Management Inc. increased its stake in shares of Fidelity Total Bond ETF by 285.3% in the 1st quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock valued at $62,000 after purchasing an additional 1,010 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.3%

NYSEARCA FBND opened at $46.40 on Thursday. The stock has a market capitalization of $22.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock has a 50-day moving average of $46.42 and a 200 day moving average of $46.08. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86.

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.