Souders Financial Advisors Raises Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Souders Financial Advisors raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,284 shares of the company’s stock after acquiring an additional 12,285 shares during the quarter. Fidelity Total Bond ETF makes up about 1.4% of Souders Financial Advisors’ holdings, making the stock its 18th biggest holding. Souders Financial Advisors owned about 0.10% of Fidelity Total Bond ETF worth $9,223,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 1st quarter worth approximately $37,000. Pineridge Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $46,000. Strategic Financial Concepts LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $49,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at $55,000.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $46.74 on Tuesday. The firm’s fifty day simple moving average is $46.48 and its 200-day simple moving average is $45.49. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $47.30.

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.