Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,357,174 shares of the company’s stock after acquiring an additional 168,180 shares during the quarter. Raymond James & Associates’ holdings in Fidelity Total Bond ETF were worth $63,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FBND. Transcendent Capital Group LLC purchased a new position in shares of Fidelity Total Bond ETF during the second quarter worth about $32,000. Centerpoint Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF in the 1st quarter valued at approximately $37,000. Strategic Financial Concepts LLC acquired a new position in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $49,000. Bell Investment Advisors Inc purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter worth approximately $55,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $58,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.83 on Tuesday. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $47.30. The firm’s fifty day moving average price is $46.59 and its 200 day moving average price is $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.