InTrack Investment Management Inc Increases Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

InTrack Investment Management Inc increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 41.9% in the 4th quarter, Holdings Channel reports. The firm owned 34,796 shares of the company’s stock after buying an additional 10,280 shares during the period. Fidelity Total Bond ETF accounts for approximately 1.1% of InTrack Investment Management Inc’s holdings, making the stock its 28th biggest position. InTrack Investment Management Inc’s holdings in Fidelity Total Bond ETF were worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

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

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $44.92 on Friday. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The company’s fifty day simple moving average is $45.30 and its 200-day simple moving average is $45.84. The stock has a market capitalization of $8.96 billion, a PE ratio of 8.85 and a beta of 0.19.

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.