Courier Capital LLC Purchases 24,694 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Courier Capital LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 236.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,117 shares of the company’s stock after acquiring an additional 24,694 shares during the period. Courier Capital LLC’s holdings in Fidelity Total Bond ETF were worth $1,591,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FBND. Financial Management Professionals Inc. bought a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $25,000. Pineridge Advisors LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter worth about $46,000. PNC Financial Services Group Inc. bought a new position in Fidelity Total Bond ETF during the fourth quarter worth about $58,000. Sound Income Strategies LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter worth about $74,000. Finally, Private Trust Co. NA boosted its holdings in Fidelity Total Bond ETF by 51.2% during the fourth quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock worth $74,000 after buying an additional 547 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.5 %

Shares of FBND opened at $44.93 on Friday. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.21. The stock has a market cap of $8.97 billion, a P/E ratio of 8.85 and a beta of 0.19. The stock’s 50-day moving average price is $44.87 and its two-hundred day moving average price is $45.18.

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.