Cadent Capital Advisors LLC Takes $491,000 Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cadent Capital Advisors LLC acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,500 shares of the company’s stock, valued at approximately $491,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its position in shares of Fidelity Total Bond ETF by 4,145.0% during 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 during the last quarter. Summit Financial Strategies Inc. grew 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 purchasing an additional 1,266,595 shares during the period. Crane Advisory LLC bought a new stake in Fidelity Total Bond ETF in the third quarter valued at about $50,363,000. Quotient Wealth Partners LLC acquired a new position in Fidelity Total Bond ETF in the second quarter valued at about $44,290,000. Finally, McKinley Carter Wealth Services Inc. lifted its stake in Fidelity Total Bond ETF by 256.5% in the third quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock valued at $63,354,000 after buying an additional 975,262 shares during the period.

Fidelity Total Bond ETF Trading Up 0.1 %

Shares of FBND opened at $46.14 on Friday. The stock has a market cap of $9.21 billion, a P/E ratio of 8.85 and a beta of 0.19. The stock’s 50-day moving average price is $46.60 and its two-hundred day moving average price is $45.59. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $47.30.

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.