Capital Insight Partners LLC Makes New $229,000 Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Capital Insight Partners LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,049 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds also recently made changes to their positions in FBND. Financial Management Professionals Inc. bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $25,000. Pineridge Advisors LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $46,000. PNC Financial Services Group Inc. bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $58,000. Sound Income Strategies LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $74,000. Finally, Private Trust Co. NA raised its stake in Fidelity Total Bond ETF by 51.2% during the 4th quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock valued at $74,000 after acquiring an additional 547 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $44.93 on Friday. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.21. The stock’s fifty day moving average is $44.87 and its 200-day moving average is $45.18. The company has a market capitalization of $8.97 billion, a PE ratio of 8.85 and a beta of 0.19.

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.