Spinnaker Trust Increases Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Spinnaker Trust raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,579 shares of the company’s stock after buying an additional 3,944 shares during the quarter. Spinnaker Trust owned about 0.10% of Fidelity Total Bond ETF worth $4,308,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FBND. Sequoia Financial Advisors LLC lifted its position in Fidelity Total Bond ETF by 0.9% during the third quarter. Sequoia Financial Advisors LLC now owns 1,952,360 shares of the company’s stock worth $85,045,000 after buying an additional 18,368 shares in the last quarter. Masso Torrence Wealth Management Inc. raised its holdings in shares of Fidelity Total Bond ETF by 1.9% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 102,636 shares of the company’s stock worth $4,725,000 after acquiring an additional 1,909 shares during the period. Baker Avenue Asset Management LP boosted its position in shares of Fidelity Total Bond ETF by 6.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 1,852,684 shares of the company’s stock valued at $80,703,000 after acquiring an additional 105,723 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $74,000. Finally, Opal Wealth Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 4.1% in the fourth quarter. Opal Wealth Advisors LLC now owns 35,182 shares of the company’s stock valued at $1,620,000 after purchasing an additional 1,372 shares during the period.

Fidelity Total Bond ETF Trading Up 0.3 %

FBND stock traded up $0.14 during trading on Friday, reaching $44.09. 827,268 shares of the stock were exchanged, compared to its average volume of 1,307,102. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 8.76 and a beta of 0.15. The business has a 50 day moving average price of $44.95 and a 200-day moving average price of $44.81. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.34.

About Fidelity Total Bond ETF

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.