D.A. Davidson & CO. Buys 31,105 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

D.A. Davidson & CO. increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 45.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,133 shares of the company’s stock after acquiring an additional 31,105 shares during the period. D.A. Davidson & CO.’s holdings in Fidelity Total Bond ETF were worth $4,634,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FBND. Northwest Investment Counselors LLC purchased a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $30,000. Transcendent Capital Group LLC purchased a new position in Fidelity Total Bond ETF in the 2nd quarter worth approximately $32,000. Highline Wealth Partners LLC purchased a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at $47,000. Strategic Financial Concepts LLC purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at $49,000. Finally, Darwin Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at $54,000.

Fidelity Total Bond ETF Trading Up 0.3 %

Shares of FBND opened at $45.72 on Friday. The firm has a market cap of $9.12 billion, a PE ratio of 8.85 and a beta of 0.19. The firm has a fifty day simple moving average of $45.95 and a two-hundred day simple moving average of $45.80. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30.

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.