Navalign LLC Has $21.10 Million Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Navalign LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 458,339 shares of the company’s stock after acquiring an additional 21,408 shares during the quarter. Fidelity Total Bond ETF makes up approximately 7.4% of Navalign LLC’s portfolio, making the stock its largest position. Navalign LLC’s holdings in Fidelity Total Bond ETF were worth $21,102,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FBND. Bank of Montreal Can raised its position in shares of Fidelity Total Bond ETF by 35.7% during the first quarter. Bank of Montreal Can now owns 5,289 shares of the company’s stock valued at $263,000 after buying an additional 1,390 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Fidelity Total Bond ETF by 13.7% during the 1st quarter. Cetera Investment Advisers now owns 8,750 shares of the company’s stock worth $435,000 after purchasing an additional 1,051 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 16.4% during the first quarter. NewEdge Advisors LLC now owns 25,693 shares of the company’s stock valued at $1,279,000 after purchasing an additional 3,619 shares during the period. Laurel Wealth Advisors Inc. raised its stake in shares of Fidelity Total Bond ETF by 24.0% in the first quarter. Laurel Wealth Advisors Inc. now owns 29,885 shares of the company’s stock valued at $1,487,000 after purchasing an additional 5,788 shares in the last quarter. Finally, Founders Financial Securities LLC bought a new position in Fidelity Total Bond ETF in the first quarter worth $9,283,000.

Fidelity Total Bond ETF Stock Down 0.1 %

Fidelity Total Bond ETF stock traded down $0.04 on Thursday, hitting $45.31. The company’s stock had a trading volume of 1,002,118 shares, compared to its average volume of 1,013,486. The company has a fifty day moving average price of $45.31 and a 200-day moving average price of $44.70. The firm has a market cap of $4.35 billion, a P/E ratio of 12.64 and a beta of 0.17. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.53.

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.