Fidelity Total Bond ETF $FBND Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,510,419 shares of the company’s stock after purchasing an additional 70,345 shares during the quarter. Private Advisor Group LLC owned about 0.27% of Fidelity Total Bond ETF worth $68,905,000 at the end of the most recent quarter.

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

Fidelity Total Bond ETF Trading Up 0.2%

Fidelity Total Bond ETF stock opened at $45.47 on Friday. The stock has a market cap of $26.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company’s 50-day moving average price is $45.54 and its two-hundred day moving average price is $45.90. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week 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.