First United Bank & Trust Buys 25,477 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

First United Bank & Trust raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 45.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,461 shares of the company’s stock after buying an additional 25,477 shares during the quarter. Fidelity Total Bond ETF comprises 1.3% of First United Bank & Trust’s portfolio, making the stock its 21st largest holding. First United Bank & Trust’s holdings in Fidelity Total Bond ETF were worth $3,655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC raised its position in shares of Fidelity Total Bond ETF by 2.2% in the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after buying an additional 267,811 shares in the last quarter. JPMorgan Chase & Co. grew its position in Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after buying an additional 520,113 shares in the last quarter. RFG Advisory LLC increased its stake in Fidelity Total Bond ETF by 9.6% in the 3rd quarter. RFG Advisory LLC now owns 4,042,746 shares of the company’s stock worth $188,958,000 after acquiring an additional 353,138 shares during the last quarter. Mather Group LLC. raised its holdings in shares of 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 valued at $165,692,000 after acquiring an additional 3,461,472 shares in the last quarter. Finally, Legacy Wealth Management Inc boosted its position in shares of Fidelity Total Bond ETF by 2.2% during the 3rd quarter. Legacy Wealth Management Inc now owns 2,937,256 shares of the company’s stock valued at $137,287,000 after acquiring an additional 62,805 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.0 %

Shares of NYSEARCA FBND opened at $44.92 on Tuesday. The business has a 50-day moving average of $45.28 and a 200-day moving average of $45.86. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30.

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.