Bank of America Corp DE Increases Holdings in Fidelity Total Bond ETF $FBND

Bank of America Corp DE grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 6.3% during the first quarter, Holdings Channel reports. The firm owned 14,706,838 shares of the company’s stock after purchasing an additional 871,672 shares during the period. Bank of America Corp DE’s holdings in Fidelity Total Bond ETF were worth $670,926,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FBND. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $37,000. Key Capital Management INC purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $49,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the second quarter worth approximately $49,000.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $44.72 on Friday. The company has a fifty day moving average price of $45.36 and a 200 day moving average price of $45.75. Fidelity Total Bond ETF has a 12 month low of $44.65 and a 12 month high of $46.86. The company has a market cap of $26.95 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

About Fidelity Total Bond ETF

(Free Report)

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.

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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).