Scott Capital Advisors LLC Has $32.89 Million Position in Fidelity Total Bond ETF $FBND

Scott Capital Advisors LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 83.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 722,949 shares of the company’s stock after buying an additional 329,744 shares during the period. Fidelity Total Bond ETF comprises approximately 5.2% of Scott Capital Advisors LLC’s portfolio, making the stock its 9th biggest holding. Scott Capital Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $32,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FBND. Dupree Financial Group LLC raised its stake in Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after purchasing an additional 219 shares during the last quarter. Signature Equity Partners LLC grew its position in Fidelity Total Bond ETF by 5.4% in the 1st quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock worth $216,000 after purchasing an additional 244 shares during the last quarter. Insight Advisors LLC PA grew its position in Fidelity Total Bond ETF by 1.6% in the 1st quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock worth $821,000 after purchasing an additional 291 shares during the last quarter. Investment Advisory Group LLC increased its holdings in shares of Fidelity Total Bond ETF by 0.4% during the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock worth $3,277,000 after purchasing an additional 303 shares during the period. Finally, Keystone Financial Group increased its holdings in shares of Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock worth $477,000 after purchasing an additional 315 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $44.86 on Tuesday. The company has a 50-day simple moving average of $45.30 and a 200-day simple moving average of $45.69. The firm has a market capitalization of $27.18 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52 week low of $44.65 and a 52 week high of $46.86.

About Fidelity Total Bond ETF

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.