Insight Wealth Strategies LLC Purchases 440 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Insight Wealth Strategies LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,897 shares of the company’s stock after buying an additional 440 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Fidelity Total Bond ETF were worth $669,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FBND. RFG Advisory LLC boosted its stake in shares of Fidelity Total Bond ETF by 44.0% in the 1st quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock valued at $162,125,000 after purchasing an additional 1,093,311 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Fidelity Total Bond ETF by 44.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,333,512 shares of the company’s stock valued at $105,731,000 after purchasing an additional 720,943 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Fidelity Total Bond ETF by 142.6% in the 1st quarter. Cetera Investment Advisers now owns 1,208,483 shares of the company’s stock valued at $54,756,000 after purchasing an additional 710,435 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Fidelity Total Bond ETF by 83.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,536,701 shares of the company’s stock valued at $70,750,000 after purchasing an additional 697,993 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Total Bond ETF by 31.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock valued at $121,868,000 after purchasing an additional 628,777 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND traded down $0.27 during mid-day trading on Tuesday, reaching $46.13. The company had a trading volume of 1,694,103 shares, compared to its average volume of 1,260,002. The company’s 50 day simple moving average is $45.32 and its 200 day simple moving average is $45.11. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $46.71. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

About Fidelity Total Bond ETF

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.