National Bank of Canada FI Acquires 3,437 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

National Bank of Canada FI lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 68.7% in the second quarter, Holdings Channel reports. The fund owned 8,437 shares of the company’s stock after purchasing an additional 3,437 shares during the quarter. National Bank of Canada FI’s holdings in Fidelity Total Bond ETF were worth $379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summit Financial Strategies Inc. boosted its stake in Fidelity Total Bond ETF by 4,346.0% during the second quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock worth $58,218,000 after buying an additional 1,266,595 shares during the period. RFG Advisory LLC boosted its stake in shares of Fidelity Total Bond ETF by 44.0% during the 1st quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock worth $162,125,000 after purchasing an additional 1,093,311 shares during the period. Quotient Wealth Partners LLC purchased a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth about $44,290,000. Falcon Wealth Planning grew its holdings in Fidelity Total Bond ETF by 466.4% during the 2nd quarter. Falcon Wealth Planning now owns 1,023,679 shares of the company’s stock valued at $45,994,000 after purchasing an additional 842,929 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Fidelity Total Bond ETF by 142.6% in the 1st quarter. Cetera Investment Advisers now owns 1,208,483 shares of the company’s stock worth $54,756,000 after purchasing an additional 710,435 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $47.08 on Friday. The company has a market cap of $9.39 billion, a P/E ratio of 8.85 and a beta of 0.19. The firm has a 50-day simple moving average of $46.15 and a two-hundred day simple moving average of $45.36. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $47.13.

Fidelity Total Bond ETF Company 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.