Cassady Schiller Wealth Management LLC Increases Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cassady Schiller Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 39,102 shares of the company’s stock after purchasing an additional 938 shares during the period. Fidelity Total Bond ETF makes up 0.7% of Cassady Schiller Wealth Management LLC’s portfolio, making the stock its 29th biggest position. Cassady Schiller Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $1,828,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mather Group LLC. lifted its position in Fidelity Total Bond ETF by 4,145.0% in the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after buying an additional 3,461,472 shares during the last quarter. Summit Financial Strategies Inc. raised its stake in shares of Fidelity Total Bond ETF by 4,346.0% during the second quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock worth $58,218,000 after acquiring an additional 1,266,595 shares in the last quarter. Crane Advisory LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $50,363,000. Quotient Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $44,290,000. Finally, McKinley Carter Wealth Services Inc. grew its holdings in shares of Fidelity Total Bond ETF by 256.5% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock valued at $63,354,000 after purchasing an additional 975,262 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.34 on Friday. The firm has a fifty day simple moving average of $46.22 and a two-hundred day simple moving average of $45.74. Fidelity Total Bond ETF has a twelve month low of $43.95 and a twelve month high of $47.30. The company has a market capitalization of $9.05 billion, a PE ratio of 8.85 and a beta of 0.19.

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.