Bank of New York Mellon Corp Has $63.40 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Bank of New York Mellon Corp lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,411,051 shares of the company’s stock after buying an additional 47,315 shares during the period. Bank of New York Mellon Corp owned about 0.71% of Fidelity Total Bond ETF worth $63,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rooted Wealth Advisors Inc. boosted its stake in shares of Fidelity Total Bond ETF by 9.2% during the 2nd quarter. Rooted Wealth Advisors Inc. now owns 386,632 shares of the company’s stock valued at $17,607,000 after buying an additional 32,488 shares during the period. AMG National Trust Bank boosted its position in Fidelity Total Bond ETF by 3.5% during the second quarter. AMG National Trust Bank now owns 15,228 shares of the company’s stock valued at $684,000 after purchasing an additional 513 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in Fidelity Total Bond ETF in the second quarter valued at about $32,000. Traynor Capital Management Inc. increased its position in Fidelity Total Bond ETF by 3.2% in the 2nd quarter. Traynor Capital Management Inc. now owns 33,946 shares of the company’s stock worth $1,525,000 after purchasing an additional 1,048 shares during the last quarter. Finally, Quotient Wealth Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth about $44,290,000.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $46.29 on Friday. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock has a 50-day simple moving average of $45.81 and a 200-day simple moving average of $45.24. Fidelity Total Bond ETF has a 52-week low of $42.45 and a 52-week high of $46.85.

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.