Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Acquired by Cedar Point Capital Partners LLC

Cedar Point Capital Partners LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,139 shares of the company’s stock after purchasing an additional 2,043 shares during the quarter. Fidelity Total Bond ETF comprises 1.0% of Cedar Point Capital Partners LLC’s portfolio, making the stock its 24th largest position. Cedar Point Capital Partners LLC’s holdings in Fidelity Total Bond ETF were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. boosted its stake in Fidelity Total Bond ETF by 4,145.0% during the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after purchasing an additional 3,461,472 shares in the last quarter. Crane Advisory LLC bought a new position in Fidelity Total Bond ETF during the 3rd quarter valued at $50,363,000. Thrivent Financial for Lutherans boosted its stake in Fidelity Total Bond ETF by 85.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after purchasing an additional 992,739 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its stake in Fidelity Total Bond ETF by 256.5% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock valued at $63,354,000 after purchasing an additional 975,262 shares in the last quarter. Finally, Fermata Advisors LLC boosted its stake in Fidelity Total Bond ETF by 771.5% during the 3rd quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock valued at $48,921,000 after purchasing an additional 926,557 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $44.87 on Thursday. The stock has a fifty day moving average price of $45.27 and a two-hundred day moving average price of $45.85. The firm has a market cap of $8.95 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

Fidelity Total Bond ETF 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.