NCM Capital Management LLC Takes $252,000 Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

NCM Capital Management LLC bought a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBNDFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,466 shares of the company’s stock, valued at approximately $252,000.

Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Fidelity Total Bond ETF by 2,874.0% during the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock worth $130,996,000 after acquiring an additional 2,906,069 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Fidelity Total Bond ETF by 31.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock worth $121,868,000 after acquiring an additional 628,777 shares in the last quarter. UBS Group AG raised its stake in shares of Fidelity Total Bond ETF by 0.8% during the fourth quarter. UBS Group AG now owns 2,440,424 shares of the company’s stock worth $112,357,000 after acquiring an additional 18,964 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Fidelity Total Bond ETF by 12.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,189,941 shares of the company’s stock worth $100,825,000 after acquiring an additional 237,581 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Fidelity Total Bond ETF by 26,366.0% during the third quarter. FMR LLC now owns 2,086,842 shares of the company’s stock worth $90,903,000 after acquiring an additional 2,078,957 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.8 %

Shares of FBND stock traded down $0.37 during trading hours on Friday, hitting $44.86. 747,964 shares of the company’s stock were exchanged, compared to its average volume of 1,272,514. Fidelity Total Bond ETF has a 12-month low of $42.45 and a 12-month high of $46.21. The business’s 50 day simple moving average is $44.67 and its 200-day simple moving average is $45.11. The company has a market capitalization of $8.95 billion, a PE ratio of 8.85 and a beta of 0.19.

About Fidelity Total Bond ETF

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Fidelity Total Bond ETF (NYSEARCA:FBND)

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