Norris Perne & French LLP MI Purchases 6,709 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Norris Perne & French LLP MI raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 29.5% during the third quarter, Holdings Channel.com reports. The fund owned 29,461 shares of the company’s stock after purchasing an additional 6,709 shares during the quarter. Norris Perne & French LLP MI’s holdings in Fidelity Total Bond ETF were worth $1,377,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FBND. Goldstone Financial Group LLC purchased a new position in shares of Fidelity Total Bond ETF during the third quarter valued at about $12,119,000. Cornerstone Wealth Group LLC raised its position in shares of Fidelity Total Bond ETF by 3.3% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 42,889 shares of the company’s stock worth $2,005,000 after acquiring an additional 1,355 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Fidelity Total Bond ETF by 484.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 29,936 shares of the company’s stock valued at $1,399,000 after purchasing an additional 24,811 shares during the period. Diversify Wealth Management LLC raised its holdings in Fidelity Total Bond ETF by 16.0% in the third quarter. Diversify Wealth Management LLC now owns 170,598 shares of the company’s stock worth $7,800,000 after purchasing an additional 23,514 shares in the last quarter. Finally, Highline Wealth Partners LLC purchased a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $47,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.51 on Friday. The company has a 50 day simple moving average of $46.47 and a two-hundred day simple moving average of $45.64. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a fifty-two week low of $42.65 and a fifty-two week high of $47.30.

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.