Eagle Rock Investment Company LLC Boosts Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Eagle Rock Investment Company LLC raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,905 shares of the company’s stock after buying an additional 3,446 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Fidelity Total Bond ETF were worth $2,194,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FBND. Renaissance Technologies LLC purchased a new stake in Fidelity Total Bond ETF during the second quarter valued at approximately $2,687,000. Axxcess Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 11.2% during the second quarter. Axxcess Wealth Management LLC now owns 46,429 shares of the company’s stock worth $2,086,000 after purchasing an additional 4,664 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 4.7% during the 2nd quarter. AE Wealth Management LLC now owns 10,296 shares of the company’s stock valued at $463,000 after purchasing an additional 459 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Fidelity Total Bond ETF by 18.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,166,291 shares of the company’s stock worth $52,401,000 after purchasing an additional 185,577 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC grew its stake in Fidelity Total Bond ETF by 41.2% during the 2nd quarter. Bridgewealth Advisory Group LLC now owns 279,836 shares of the company’s stock worth $12,573,000 after buying an additional 81,700 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $44.93 on Friday. The firm has a market capitalization of $8.97 billion, a P/E ratio of 8.85 and a beta of 0.19. The business’s 50-day moving average is $45.31 and its 200 day moving average is $45.84. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

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.