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

Sachetta LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,278 shares of the company’s stock after acquiring an additional 11,869 shares during the period. Fidelity Total Bond ETF comprises approximately 2.9% of Sachetta LLC’s holdings, making the stock its 6th biggest position. Sachetta LLC owned 0.08% of Fidelity Total Bond ETF worth $7,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mather Group LLC. increased its stake in Fidelity Total Bond ETF by 4,145.0% during the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after purchasing an additional 3,461,472 shares during the last quarter. Summit Financial Strategies Inc. raised its stake in Fidelity Total Bond ETF by 4,346.0% during the second quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock worth $58,218,000 after acquiring an additional 1,266,595 shares during the period. Crane Advisory LLC bought a new position in Fidelity Total Bond ETF in the third quarter worth about $50,363,000. Thrivent Financial for Lutherans boosted its stake in Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after acquiring an additional 992,739 shares during the period. Finally, Quotient Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF during the second quarter valued at approximately $44,290,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.45 on Wednesday. The firm has a market capitalization of $9.07 billion, a P/E ratio of 8.85 and a beta of 0.19. The business has a 50 day simple moving average of $46.19 and a 200 day simple moving average of $45.77. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month 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.