Park Avenue Securities LLC Has $788,000 Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Park Avenue Securities LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,852 shares of the company’s stock after buying an additional 1,754 shares during the period. Park Avenue Securities LLC’s holdings in Fidelity Total Bond ETF were worth $788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its position in Fidelity Total Bond ETF by 41.3% in the fourth quarter. Kestra Advisory Services LLC now owns 1,034,764 shares of the company’s stock worth $47,641,000 after acquiring an additional 302,577 shares in the last quarter. Harbour Investments Inc. increased its position in Fidelity Total Bond ETF by 27.1% during the fourth quarter. Harbour Investments Inc. now owns 124,805 shares of the company’s stock worth $5,746,000 after buying an additional 26,625 shares during the last quarter. CMG Global Holdings LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at about $6,720,000. Madison Wealth Partners Inc raised its holdings in Fidelity Total Bond ETF by 63.5% during the fourth quarter. Madison Wealth Partners Inc now owns 66,672 shares of the company’s stock valued at $3,070,000 after buying an additional 25,888 shares in the last quarter. Finally, WNY Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth about $1,378,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $46.14 on Thursday. The business’s 50-day simple moving average is $46.59 and its 200-day simple moving average is $45.54. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $47.30. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.