Lincoln Capital Corp Raises Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Lincoln Capital Corp grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 92,667 shares of the company’s stock after acquiring an additional 9,235 shares during the period. Fidelity Total Bond ETF comprises approximately 2.1% of Lincoln Capital Corp’s holdings, making the stock its 14th biggest holding. Lincoln Capital Corp owned about 0.10% of Fidelity Total Bond ETF worth $4,266,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at $25,000. NBC Securities Inc. purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $27,000. Activest Wealth Management purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $44,000. Money Concepts Capital Corp purchased a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at $46,000. Finally, Retirement Group LLC purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter worth $50,000.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock traded up $0.14 during midday trading on Wednesday, hitting $45.35. 767,723 shares of the stock were exchanged, compared to its average volume of 1,013,675. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.53. The firm has a market cap of $4.35 billion, a P/E ratio of 12.64 and a beta of 0.17. The company has a 50 day moving average price of $45.31 and a two-hundred day moving average price of $44.70.

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.