M Holdings Securities Inc. Purchases New Shares in Fidelity Total Bond ETF $FBND

M Holdings Securities Inc. purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 108,355 shares of the company’s stock, valued at approximately $4,989,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter valued at $25,000. Rialto Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at $32,000. Clearstead Advisors LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at $36,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at $37,000. Finally, Fifth Third Bancorp grew its stake in Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after purchasing an additional 468 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.31 on Thursday. The company has a market capitalization of $25.39 billion, a PE ratio of 8.94 and a beta of 0.27. The business has a fifty day moving average price of $45.62 and a two-hundred day moving average price of $45.99. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86.

Fidelity Total Bond ETF 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.