Park Avenue Securities LLC Raises Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Park Avenue Securities LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,889 shares of the company’s stock after buying an additional 820 shares during the period. Park Avenue Securities LLC’s holdings in Fidelity Total Bond ETF were worth $675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Fidelity Total Bond ETF by 2,874.0% during the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock worth $130,996,000 after purchasing an additional 2,906,069 shares in the last quarter. Sherrill & Hutchins Financial Advisory Inc acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth approximately $33,506,000. Commonwealth Equity Services LLC lifted its stake in Fidelity Total Bond ETF by 83.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,536,701 shares of the company’s stock valued at $70,750,000 after buying an additional 697,993 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 31.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock valued at $121,868,000 after acquiring an additional 628,777 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $24,838,000.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.14 on Friday. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm’s fifty day simple moving average is $44.85 and its 200-day simple moving average is $45.18. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $46.21.

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.