Essex Financial Services Inc. Has $5.33 Million Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Essex Financial Services Inc. boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 81.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 116,353 shares of the company’s stock after purchasing an additional 52,150 shares during the period. Essex Financial Services Inc. owned about 0.06% of Fidelity Total Bond ETF worth $5,332,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in Fidelity Total Bond ETF during the third quarter worth $30,000. Transcendent Capital Group LLC bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth about $32,000. Centerpoint Advisors LLC acquired a new position in Fidelity Total Bond ETF in the 1st quarter valued at about $37,000. Strategic Financial Concepts LLC bought a new position in Fidelity Total Bond ETF in the 2nd quarter valued at about $49,000. Finally, Bell Investment Advisors Inc bought a new position in Fidelity Total Bond ETF in the 2nd quarter valued at about $55,000.

Fidelity Total Bond ETF Stock Down 0.2 %

Shares of NYSEARCA:FBND opened at $45.71 on Friday. Fidelity Total Bond ETF has a 12-month low of $42.56 and a 12-month high of $47.30. The business has a 50 day moving average of $46.54 and a 200-day moving average of $45.62. The stock has a market cap of $9.12 billion, a PE ratio of 8.85 and a beta of 0.19.

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.