Spinnaker Trust Boosts Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Spinnaker Trust raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,748 shares of the company’s stock after acquiring an additional 1,605 shares during the period. Spinnaker Trust’s holdings in Fidelity Total Bond ETF were worth $5,418,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Maryland Capital Advisors Inc. purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $528,000. Valeo Financial Advisors LLC raised its stake in shares of Fidelity Total Bond ETF by 322.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 942,475 shares of the company’s stock worth $42,289,000 after buying an additional 719,592 shares in the last quarter. DeDora Capital Inc. raised its stake in shares of Fidelity Total Bond ETF by 0.6% during the 4th quarter. DeDora Capital Inc. now owns 406,343 shares of the company’s stock worth $18,233,000 after buying an additional 2,243 shares in the last quarter. Rooted Wealth Advisors Inc. raised its stake in shares of Fidelity Total Bond ETF by 11.5% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 176,048 shares of the company’s stock worth $7,868,000 after buying an additional 18,137 shares in the last quarter. Finally, Sunburst Financial Group LLC raised its stake in shares of Fidelity Total Bond ETF by 13.4% during the 4th quarter. Sunburst Financial Group LLC now owns 986,466 shares of the company’s stock worth $44,263,000 after buying an additional 116,425 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.4 %

Shares of FBND stock opened at $45.32 on Friday. The company has a market cap of $9.04 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 $45.10 and a 200-day simple moving average of $45.81. Fidelity Total Bond ETF has a 12-month low of $44.01 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.