Navalign LLC Acquires 21,408 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Navalign LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458,339 shares of the company’s stock after acquiring an additional 21,408 shares during the period. Fidelity Total Bond ETF comprises 7.4% of Navalign LLC’s portfolio, making the stock its largest holding. Navalign LLC owned approximately 0.48% of Fidelity Total Bond ETF worth $21,102,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth about $25,000. NBC Securities Inc. purchased a new position in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $27,000. Activest Wealth Management acquired a new stake in Fidelity Total Bond ETF during the third quarter worth approximately $44,000. Money Concepts Capital Corp purchased a new stake in Fidelity Total Bond ETF in the 4th quarter worth approximately $46,000. Finally, Retirement Group LLC purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter worth approximately $50,000.

Fidelity Total Bond ETF Stock Down 0.1 %

Shares of FBND stock traded down $0.04 during mid-day trading on Thursday, hitting $45.31. 1,002,118 shares of the company’s stock were exchanged, compared to its average volume of 1,013,486. The stock has a 50-day simple moving average of $45.31 and a two-hundred day simple moving average of $44.70. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week high of $46.53. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 12.64 and a beta of 0.17.

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.