Sachetta LLC Buys 11,869 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Sachetta LLC raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 158,278 shares of the company’s stock after buying an additional 11,869 shares during the period. Fidelity Total Bond ETF comprises 2.9% of Sachetta LLC’s holdings, making the stock its 6th largest position. Sachetta LLC’s holdings in Fidelity Total Bond ETF were worth $7,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth about $30,000. Transcendent Capital Group LLC purchased a new position in Fidelity Total Bond ETF during the second quarter valued at approximately $32,000. Highline Wealth Partners LLC acquired a new position in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $47,000. Strategic Financial Concepts LLC purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter worth approximately $49,000. Finally, Bell Investment Advisors Inc acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $55,000.

Fidelity Total Bond ETF Stock Up 0.2 %

Fidelity Total Bond ETF stock opened at $45.45 on Wednesday. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The stock has a market cap of $9.07 billion, a P/E ratio of 8.85 and a beta of 0.19. The company’s fifty day simple moving average is $46.19 and its 200-day simple moving average is $45.77.

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.