Magnolia Capital Advisors LLC Acquires New Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Magnolia Capital Advisors LLC bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 114,216 shares of the company’s stock, valued at approximately $5,132,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Financial Strategies Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 4,346.0% in the 2nd 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 last quarter. RFG Advisory LLC lifted its stake in Fidelity Total Bond ETF by 44.0% in the first quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock valued at $162,125,000 after buying an additional 1,093,311 shares during the last quarter. Quotient Wealth Partners LLC acquired a new position in shares of Fidelity Total Bond ETF during the second quarter valued at $44,290,000. Falcon Wealth Planning grew its position in shares of Fidelity Total Bond ETF by 466.4% during the second quarter. Falcon Wealth Planning now owns 1,023,679 shares of the company’s stock worth $45,994,000 after acquiring an additional 842,929 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Total Bond ETF by 27.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock worth $171,818,000 after acquiring an additional 825,448 shares during the period.

Fidelity Total Bond ETF Stock Up 0.3 %

Shares of NYSEARCA:FBND opened at $46.85 on Friday. The company’s 50-day moving average price is $46.45 and its 200 day moving average price is $45.48. The company has a market cap of $9.35 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week 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.