Tallon Kerry Patrick Purchases New Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Tallon Kerry Patrick purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,246 shares of the company’s stock, valued at approximately $999,000. Fidelity Total Bond ETF accounts for about 1.0% of Tallon Kerry Patrick’s investment portfolio, making the stock its 28th biggest holding.

Several other hedge funds have also bought and sold shares of the business. ERn Financial LLC grew its position in Fidelity Total Bond ETF by 2.7% in the 4th quarter. ERn Financial LLC now owns 22,747 shares of the company’s stock valued at $1,021,000 after purchasing an additional 589 shares during the period. Sherrill & Hutchins Financial Advisory Inc grew its position in Fidelity Total Bond ETF by 3.9% in the 4th quarter. Sherrill & Hutchins Financial Advisory Inc now owns 823,928 shares of the company’s stock valued at $36,970,000 after purchasing an additional 31,301 shares during the period. Quad Cities Investment Group LLC grew its position in Fidelity Total Bond ETF by 34.1% in the 4th quarter. Quad Cities Investment Group LLC now owns 85,680 shares of the company’s stock valued at $3,844,000 after purchasing an additional 21,769 shares during the period. Capital CS Group LLC lifted its stake in Fidelity Total Bond ETF by 17.7% during the 4th quarter. Capital CS Group LLC now owns 7,261 shares of the company’s stock valued at $326,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Professional Financial Advisors LLC lifted its stake in Fidelity Total Bond ETF by 4.0% during the 4th quarter. Professional Financial Advisors LLC now owns 45,849 shares of the company’s stock valued at $2,057,000 after acquiring an additional 1,752 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.2 %

Shares of NYSEARCA:FBND opened at $44.93 on Friday. The stock’s fifty day simple moving average is $45.31 and its two-hundred day simple 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. The stock has a market cap of $8.97 billion, a PE 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.