Winebrenner Capital Management LLC Purchases Shares of 20,687 Fidelity Total Bond ETF (NYSEARCA:FBND)

Winebrenner Capital Management LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 20,687 shares of the company’s stock, valued at approximately $928,000.

Other hedge funds have also modified their holdings of the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $25,000. Highline Wealth Partners LLC purchased a new stake in Fidelity Total Bond ETF during the third quarter valued at about $47,000. Darwin Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the third quarter worth about $54,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Fidelity Total Bond ETF in the third quarter worth approximately $87,000. Finally, Financial Management Professionals Inc. raised its holdings in shares of Fidelity Total Bond ETF by 323.6% during the third quarter. Financial Management Professionals Inc. now owns 2,330 shares of the company’s stock valued at $109,000 after acquiring an additional 1,780 shares during the period.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $45.45 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The company has a 50 day moving average price of $45.04 and a 200 day moving average price of $45.79.

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.