Investment Advisory Services Group LLC Purchases Shares of 423,018 Fidelity Total Bond ETF $FBND

Investment Advisory Services Group LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 423,018 shares of the company’s stock, valued at approximately $19,476,000. Fidelity Total Bond ETF accounts for approximately 17.3% of Investment Advisory Services Group LLC’s investment portfolio, making the stock its 2nd biggest position. Investment Advisory Services Group LLC owned 0.08% of Fidelity Total Bond ETF as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FBND. Rialto Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at $32,000. Clearstead Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the third quarter valued at $36,000. First Command Advisory Services Inc. acquired a new stake in Fidelity Total Bond ETF during the third quarter valued at $47,000. Fifth Third Bancorp increased its holdings in Fidelity Total Bond ETF by 78.0% in the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after buying an additional 468 shares in the last quarter. Finally, Key Capital Management INC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at $49,000.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.63 on Tuesday. The firm has a 50-day simple moving average of $45.86 and a two-hundred day simple moving average of $46.15. Fidelity Total Bond ETF has a fifty-two week low of $44.73 and a fifty-two week high of $46.86. The company has a market cap of $25.57 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.