Steph & Co. Has $9.19 Million Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Steph & Co. lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 49.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,528 shares of the company’s stock after acquiring an additional 66,073 shares during the period. Fidelity Total Bond ETF makes up 4.5% of Steph & Co.’s holdings, making the stock its 5th biggest holding. Steph & Co.’s holdings in Fidelity Total Bond ETF were worth $9,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signet Financial Management LLC purchased a new position in Fidelity Total Bond ETF during the fourth quarter worth about $249,000. Octavia Wealth Advisors LLC increased its holdings in Fidelity Total Bond ETF by 12.1% during the 4th quarter. Octavia Wealth Advisors LLC now owns 425,190 shares of the company’s stock worth $19,654,000 after acquiring an additional 46,020 shares during the period. Investment Advisory Group LLC increased its holdings in Fidelity Total Bond ETF by 174.8% during the 4th quarter. Investment Advisory Group LLC now owns 13,726 shares of the company’s stock worth $632,000 after acquiring an additional 8,731 shares during the period. Drake & Associates LLC increased its holdings in Fidelity Total Bond ETF by 4.0% during the 4th quarter. Drake & Associates LLC now owns 482,010 shares of the company’s stock worth $22,192,000 after acquiring an additional 18,431 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Fidelity Total Bond ETF by 91.2% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,622 shares of the company’s stock worth $1,088,000 after acquiring an additional 11,266 shares during the period.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock traded up $0.21 during midday trading on Wednesday, reaching $44.27. 1,012,736 shares of the stock were exchanged, compared to its average volume of 1,312,049. The company’s fifty day moving average is $45.10 and its 200-day moving average is $44.77. The firm has a market cap of $4.25 billion, a PE ratio of 12.64 and a beta of 0.17. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $46.38.

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.