Resolute Wealth Strategies LLC Increases Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Resolute Wealth Strategies LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 242,783 shares of the company’s stock after acquiring an additional 25,582 shares during the period. Fidelity Total Bond ETF accounts for about 7.6% of Resolute Wealth Strategies LLC’s holdings, making the stock its 2nd biggest position. Resolute Wealth Strategies LLC’s holdings in Fidelity Total Bond ETF were worth $11,178,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FBND. FinTrust Capital Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF by 160.6% in the third quarter. FinTrust Capital Advisors LLC now owns 4,857 shares of the company’s stock worth $212,000 after buying an additional 2,993 shares in the last quarter. Raymond James & Associates increased its stake in Fidelity Total Bond ETF by 22.6% in the 3rd quarter. Raymond James & Associates now owns 671,434 shares of the company’s stock worth $29,248,000 after purchasing an additional 123,898 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Fidelity Total Bond ETF by 6.0% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 15,513 shares of the company’s stock valued at $676,000 after buying an additional 873 shares during the last quarter. Baker Ellis Asset Management LLC boosted its position in Fidelity Total Bond ETF by 10.4% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 227,250 shares of the company’s stock valued at $9,899,000 after buying an additional 21,491 shares during the period. Finally, Legacy Wealth Management Inc bought a new stake in Fidelity Total Bond ETF in the 3rd quarter worth $120,780,000.

Fidelity Total Bond ETF Trading Up 0.5 %

Shares of FBND stock traded up $0.24 during mid-day trading on Friday, reaching $44.64. The stock had a trading volume of 843,651 shares, compared to its average volume of 1,288,065. The stock’s 50-day moving average price is $44.87 and its two-hundred day moving average price is $44.85. The firm has a market capitalization of $8.85 billion, a PE ratio of 8.76 and a beta of 0.15. Fidelity Total Bond ETF has a 52-week low of $42.45 and a 52-week high of $46.34.

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.