Fidelity Total Bond ETF (NYSEARCA:FBND) Stake Increased by Cedar Point Capital Partners LLC

Cedar Point Capital Partners LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 34,139 shares of the company’s stock after purchasing an additional 2,043 shares during the period. Fidelity Total Bond ETF comprises approximately 1.0% of Cedar Point Capital Partners LLC’s investment portfolio, making the stock its 24th largest position. Cedar Point Capital Partners LLC’s holdings in Fidelity Total Bond ETF were worth $1,532,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Peterson Wealth Advisors LLC increased its position in Fidelity Total Bond ETF by 257.9% during the fourth quarter. Peterson Wealth Advisors LLC now owns 112,366 shares of the company’s stock worth $5,042,000 after buying an additional 80,970 shares during the last quarter. Mutual Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 15.2% in the fourth quarter. Mutual Advisors LLC now owns 39,150 shares of the company’s stock valued at $1,759,000 after purchasing an additional 5,173 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Fidelity Total Bond ETF by 15.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 130,516 shares of the company’s stock valued at $5,856,000 after purchasing an additional 17,609 shares during the last quarter. Baker Ellis Asset Management LLC grew its position in shares of Fidelity Total Bond ETF by 1.7% in the fourth quarter. Baker Ellis Asset Management LLC now owns 297,983 shares of the company’s stock valued at $13,370,000 after purchasing an additional 4,949 shares during the last quarter. Finally, Investment Advisory Group LLC grew its position in shares of Fidelity Total Bond ETF by 21.1% in the fourth quarter. Investment Advisory Group LLC now owns 72,632 shares of the company’s stock valued at $3,259,000 after purchasing an additional 12,654 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $44.87 on Thursday. The company has a market cap of $8.95 billion, a P/E ratio of 8.85 and a beta of 0.19. The stock’s 50-day moving average is $45.27 and its 200-day moving average is $45.85. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week 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.