Dynamic Advisor Solutions LLC Has $44.48 Million Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Dynamic Advisor Solutions LLC raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 991,331 shares of the company’s stock after buying an additional 34,818 shares during the quarter. Fidelity Total Bond ETF comprises about 1.9% of Dynamic Advisor Solutions LLC’s investment portfolio, making the stock its 6th largest holding. Dynamic Advisor Solutions LLC owned approximately 0.50% of Fidelity Total Bond ETF worth $44,481,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FBND. Mather Group LLC. raised its stake in Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after buying an additional 3,461,472 shares during the last quarter. Crane Advisory LLC acquired a new position in shares of Fidelity Total Bond ETF during the third quarter valued at about $50,363,000. Thrivent Financial for Lutherans boosted its stake in Fidelity Total Bond ETF by 85.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after purchasing an additional 992,739 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its stake in Fidelity Total Bond ETF by 256.5% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock worth $63,354,000 after purchasing an additional 975,262 shares in the last quarter. Finally, Fermata Advisors LLC grew its position in Fidelity Total Bond ETF by 771.5% during the 3rd quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock worth $48,921,000 after purchasing an additional 926,557 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.2 %

NYSEARCA FBND opened at $45.01 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The company has a fifty day simple moving average of $45.26 and a two-hundred day simple moving average of $45.84. The stock has a market cap of $8.98 billion, a P/E 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.