CPA Asset Management LLC Increases Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

CPA Asset Management LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 591,155 shares of the company’s stock after acquiring an additional 25,081 shares during the quarter. Fidelity Total Bond ETF comprises about 12.3% of CPA Asset Management LLC’s investment portfolio, making the stock its biggest position. CPA Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $26,525,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter worth $25,000. Highline Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $47,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $54,000. Rothschild Investment LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth about $63,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $87,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.80 on Wednesday. The firm’s 50-day moving average is $45.04 and its 200-day moving average is $45.77. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The company has a market cap of $9.14 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.