Spinnaker Trust Has $4.31 Million Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Spinnaker Trust lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,579 shares of the company’s stock after purchasing an additional 3,944 shares during the period. Spinnaker Trust’s holdings in Fidelity Total Bond ETF were worth $4,308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FBND. Sequoia Financial Advisors LLC boosted its holdings 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 during the last quarter. Masso Torrence Wealth Management Inc. raised its position in shares of Fidelity Total Bond ETF by 1.9% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 102,636 shares of the company’s stock valued at $4,725,000 after acquiring an additional 1,909 shares during the period. Baker Avenue Asset Management LP boosted its stake in 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 worth $80,703,000 after acquiring an additional 105,723 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $74,000. Finally, Opal Wealth Advisors LLC increased its stake in 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 in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND traded up $0.14 during midday trading on Friday, reaching $44.09. 827,268 shares of the stock were exchanged, compared to its average volume of 1,307,102. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $46.34. The company 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 simple moving average of $44.95 and a two-hundred day simple moving average of $44.81.

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.