Carnegie Investment Counsel Raises Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Carnegie Investment Counsel grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,099 shares of the company’s stock after buying an additional 3,485 shares during the quarter. Carnegie Investment Counsel’s holdings in Fidelity Total Bond ETF were worth $3,557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FBND. Transcendent Capital Group LLC purchased a new stake in Fidelity Total Bond ETF in the second quarter worth about $32,000. Centerpoint Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF during the first quarter worth about $37,000. Strategic Financial Concepts LLC purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter worth about $49,000. Bell Investment Advisors Inc purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter worth about $55,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $58,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $46.07 on Monday. Fidelity Total Bond ETF has a 12-month low of $42.45 and a 12-month high of $47.30. The stock has a 50-day moving average price of $46.59 and a 200 day moving average price of $45.56. The stock has a market capitalization of $9.19 billion, a P/E 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.