Summit Wealth Group LLC Co. Purchases Shares of 11,528 Fidelity Total Bond ETF $FBND

Summit Wealth Group LLC Co. purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,528 shares of the company’s stock, valued at approximately $531,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $32,000. Clearstead Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at about $36,000. First Command Advisory Services Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at about $47,000. Key Capital Management INC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $49,000. Finally, Fifth Third Bancorp raised its stake in shares of 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

FBND opened at $45.51 on Thursday. The business’s 50-day moving average price is $45.82 and its two-hundred day moving average price is $46.14. Fidelity Total Bond ETF has a 1 year low of $44.73 and a 1 year high of $46.86. The company has a market capitalization of $25.50 billion, a price-to-earnings 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.