SHP Wealth Management Takes Position in Fidelity Total Bond ETF $FBND

SHP Wealth Management acquired a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, HoldingsChannel reports. The firm acquired 50,629 shares of the company’s stock, valued at approximately $2,331,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $32,000. Clearstead Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $36,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $37,000. Finally, Key Capital Management INC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $49,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $45.61 on Friday. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The firm has a market capitalization of $25.56 billion, a PE ratio of 8.94 and a beta of 0.27. The company’s 50 day simple moving average is $45.60 and its 200 day simple moving average is $45.95.

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.