Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 18.9% in the 2nd quarter, Holdings Channel reports. The firm owned 1,166,291 shares of the company’s stock after buying an additional 185,577 shares during the period. Thrivent Financial for Lutherans’ holdings in Fidelity Total Bond ETF were worth $52,401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Country Trust Bank lifted its stake in Fidelity Total Bond ETF by 12.7% during the second quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock valued at $267,816,000 after purchasing an additional 672,872 shares during the last quarter. Envestnet Asset Management Inc. lifted its position 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 valued at $171,818,000 after acquiring an additional 825,448 shares in the last quarter. RFG Advisory LLC lifted its position in shares of Fidelity Total Bond ETF by 3.1% in the 2nd quarter. RFG Advisory LLC now owns 3,689,608 shares of the company’s stock valued at $165,774,000 after acquiring an additional 111,480 shares in the last quarter. Legacy Wealth Management Inc lifted its position in shares of Fidelity Total Bond ETF by 2.3% in the 2nd quarter. Legacy Wealth Management Inc now owns 2,874,451 shares of the company’s stock valued at $129,149,000 after acquiring an additional 65,956 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 11.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,437,462 shares of the company’s stock valued at $110,441,000 after acquiring an additional 247,521 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $46.99 on Monday. The company has a market cap of $9.38 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $47.30. The firm has a 50 day simple moving average of $46.32 and a 200 day simple moving average of $45.43.

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.