Main Street Financial Solutions LLC Increases Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Main Street Financial Solutions LLC raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,530 shares of the company’s stock after acquiring an additional 16,064 shares during the period. Fidelity Total Bond ETF makes up 2.0% of Main Street Financial Solutions LLC’s portfolio, making the stock its 8th biggest holding. Main Street Financial Solutions LLC owned approximately 0.23% of Fidelity Total Bond ETF worth $21,432,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Kovack Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $380,000. Souders Financial Advisors raised its stake in Fidelity Total Bond ETF by 55.5% during the 3rd quarter. Souders Financial Advisors now owns 319,231 shares of the company’s stock valued at $14,921,000 after purchasing an additional 113,947 shares during the last quarter. Aptus Capital Advisors LLC bought a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at $40,718,000. Prime Capital Investment Advisors LLC grew its position in Fidelity Total Bond ETF by 14.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 110,030 shares of the company’s stock worth $5,143,000 after purchasing an additional 14,272 shares during the last quarter. Finally, Savvy Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $202,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND traded up $0.05 during mid-day trading on Wednesday, hitting $45.40. The company had a trading volume of 430,088 shares, compared to its average volume of 1,660,087. Fidelity Total Bond ETF has a 12 month low of $43.76 and a 12 month high of $47.30. The firm has a market cap of $9.06 billion, a P/E ratio of 8.85 and a beta of 0.19. The business’s 50-day simple moving average is $46.33 and its 200-day simple moving average is $45.73.

About Fidelity Total Bond ETF

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.