Fidelity Total Bond ETF $FBND Stake Boosted by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 1,023.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 269,482 shares of the company’s stock after purchasing an additional 245,503 shares during the quarter. Fidelity Total Bond ETF makes up 0.7% of Summit Wealth Group LLC Co.’s portfolio, making the stock its 22nd largest holding. Summit Wealth Group LLC Co.’s holdings in Fidelity Total Bond ETF were worth $11,669,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FBND. Signature Equity Partners LLC increased its holdings in shares of Fidelity Total Bond ETF by 5.4% in the 1st quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock worth $216,000 after acquiring an additional 244 shares during the period. LCW Services LLC boosted its holdings in shares of Fidelity Total Bond ETF by 3.1% in the third quarter. LCW Services LLC now owns 8,913 shares of the company’s stock valued at $386,000 after acquiring an additional 272 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 5.6% during the third quarter. Verdence Capital Advisors LLC now owns 5,380 shares of the company’s stock valued at $233,000 after acquiring an additional 283 shares during the period. Insight Advisors LLC PA increased its stake in shares of Fidelity Total Bond ETF by 1.6% during the first quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock valued at $821,000 after acquiring an additional 291 shares during the period. Finally, Archer Investment Corp raised its holdings in Fidelity Total Bond ETF by 17.2% during the first quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock worth $101,000 after purchasing an additional 325 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $44.16 on Tuesday. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $43.11 and a 1-year high of $46.78. The business has a 50 day moving average price of $44.07 and a two-hundred day moving average price of $45.26.

Fidelity Total Bond ETF Profile

(Free Report)

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.

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