Hofer & Associates. Inc Buys 958 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Hofer & Associates. Inc lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.8% in the 3rd quarter, Holdings Channel reports. The fund owned 122,560 shares of the company’s stock after buying an additional 958 shares during the period. Fidelity Total Bond ETF comprises 4.0% of Hofer & Associates. Inc’s investment portfolio, making the stock its 7th biggest holding. Hofer & Associates. Inc’s holdings in Fidelity Total Bond ETF were worth $5,728,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Country Trust Bank grew its stake in shares of Fidelity Total Bond ETF by 12.7% in the second quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock worth $267,816,000 after purchasing an additional 672,872 shares in the last quarter. RFG Advisory LLC grew its position in Fidelity Total Bond ETF by 9.6% in the 3rd quarter. RFG Advisory LLC now owns 4,042,746 shares of the company’s stock valued at $188,958,000 after buying an additional 353,138 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity Total Bond ETF by 27.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock valued at $171,818,000 after buying an additional 825,448 shares in the last quarter. Mather Group LLC. increased 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 buying an additional 3,461,472 shares during the period. Finally, Legacy Wealth Management Inc lifted its stake in shares of Fidelity Total Bond ETF by 2.3% in the 2nd quarter. Legacy Wealth Management Inc now owns 2,874,451 shares of the company’s stock worth $129,149,000 after acquiring an additional 65,956 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND remained flat at $45.83 during mid-day trading on Tuesday. 2,253,418 shares of the company were exchanged, compared to its average volume of 1,346,410. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week high of $47.30. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The company has a fifty day moving average of $46.59 and a two-hundred day moving average of $45.60.

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.