Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Purchased by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,824 shares of the company’s stock after acquiring an additional 7,140 shares during the quarter. Fidelity Total Bond ETF makes up 1.1% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 29th biggest holding. Schmidt P J Investment Management Inc. owned approximately 0.07% of Fidelity Total Bond ETF worth $6,588,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth about $30,000. Highline Wealth Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $47,000. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth approximately $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $87,000.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.39 on Thursday. The firm has a market cap of $9.06 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The stock has a 50-day simple moving average of $45.20 and a 200-day simple moving average of $45.83.

Fidelity Total Bond ETF 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.