Transcendent Capital Group LLC Acquires 3,476 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Transcendent Capital Group LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,705 shares of the company’s stock after purchasing an additional 3,476 shares during the period. Transcendent Capital Group LLC’s holdings in Fidelity Total Bond ETF were worth $1,557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FBND. Thrivent Financial for Lutherans lifted its position in Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after purchasing an additional 992,739 shares during the last quarter. Aptus Capital Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF in the third quarter worth $40,718,000. Valeo Financial Advisors LLC raised its holdings in Fidelity Total Bond ETF by 322.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 942,475 shares of the company’s stock valued at $42,289,000 after buying an additional 719,592 shares during the last quarter. Sax Wealth Advisors LLC raised its holdings in Fidelity Total Bond ETF by 94.0% during the 4th quarter. Sax Wealth Advisors LLC now owns 1,394,635 shares of the company’s stock valued at $62,577,000 after buying an additional 675,795 shares during the last quarter. Finally, OLIO Financial Planning grew its holdings in Fidelity Total Bond ETF by 584.5% in the 4th quarter. OLIO Financial Planning now owns 765,888 shares of the company’s stock worth $34,365,000 after acquiring an additional 653,991 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $45.51 on Tuesday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The business has a 50 day simple moving average of $45.04 and a two-hundred day simple moving average of $45.77. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

Fidelity Total Bond ETF 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.