Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Acquired by DeDora Capital Inc.

DeDora Capital Inc. increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,928 shares of the company’s stock after acquiring an additional 44,115 shares during the period. Fidelity Total Bond ETF makes up about 5.3% of DeDora Capital Inc.’s holdings, making the stock its 4th largest holding. DeDora Capital Inc. owned about 0.19% of Fidelity Total Bond ETF worth $16,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FBND. Financial Management Professionals Inc. acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth approximately $25,000. NBC Securities Inc. acquired a new position in shares of Fidelity Total Bond ETF during the third quarter worth $27,000. Pineridge Advisors LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at $46,000. PNC Financial Services Group Inc. acquired a new stake in Fidelity Total Bond ETF in the fourth quarter valued at $58,000. Finally, Sound Income Strategies LLC purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth about $74,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND traded up $0.24 on Friday, hitting $44.64. 843,651 shares of the company’s stock were exchanged, compared to its average volume of 1,288,065. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $46.34. The company has a market capitalization of $8.85 billion, a PE ratio of 8.76 and a beta of 0.15. The firm’s 50-day moving average is $44.87 and its 200 day moving average is $44.85.

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.