Renaissance Technologies LLC Invests $2.69 Million in Fidelity Total Bond ETF (NYSEARCA:FBND)

Renaissance Technologies LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,797 shares of the company’s stock, valued at approximately $2,687,000.

Several other large investors also recently modified their holdings of FBND. Transcendent Capital Group LLC acquired a new position in shares of Fidelity Total Bond ETF during the second quarter valued at about $32,000. Centerpoint Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at approximately $37,000. Pineridge Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $46,000. Strategic Financial Concepts LLC purchased a new position in Fidelity Total Bond ETF during the second quarter valued at approximately $49,000. Finally, Bell Investment Advisors Inc purchased a new position in Fidelity Total Bond ETF during the second quarter valued at approximately $55,000.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $46.74 on Tuesday. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $47.30. The stock has a market cap of $9.33 billion, a PE ratio of 8.85 and a beta of 0.19. The firm has a 50 day simple moving average of $46.45 and a two-hundred day simple moving average of $45.48.

Fidelity Total Bond ETF 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.