First United Bank & Trust Boosts Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

First United Bank & Trust grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 45.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,461 shares of the company’s stock after purchasing an additional 25,477 shares during the quarter. Fidelity Total Bond ETF makes up about 1.3% of First United Bank & Trust’s investment portfolio, making the stock its 21st largest position. First United Bank & Trust’s holdings in Fidelity Total Bond ETF were worth $3,655,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mather Group LLC. raised its position in Fidelity Total Bond ETF by 4,145.0% in the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after purchasing an additional 3,461,472 shares during the period. Crane Advisory LLC bought a new position in shares of Fidelity Total Bond ETF during the third quarter valued at about $50,363,000. Thrivent Financial for Lutherans increased its holdings in shares of Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after buying an additional 992,739 shares during the period. McKinley Carter Wealth Services Inc. lifted its stake in shares of Fidelity Total Bond ETF by 256.5% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock valued at $63,354,000 after acquiring an additional 975,262 shares during the last quarter. Finally, Fermata Advisors LLC boosted its holdings in Fidelity Total Bond ETF by 771.5% during the 3rd quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock valued at $48,921,000 after acquiring an additional 926,557 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND opened at $44.92 on Tuesday. The stock’s 50 day simple moving average is $45.28 and its 200 day simple moving average is $45.86. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

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.