United Advisor Group LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 29.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 55,761 shares of the company’s stock after purchasing an additional 12,750 shares during the period. United Advisor Group LLC’s holdings in Fidelity Total Bond ETF were worth $2,414,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in FBND. Community Financial Services Group LLC acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth approximately $32,000. Maryland Capital Advisors Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter worth $37,000. Manning & Napier Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter worth $53,000. Mosley Wealth Management acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $64,000. Finally, Archer Investment Corp increased its position in Fidelity Total Bond ETF by 17.2% during the first quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock worth $101,000 after acquiring an additional 325 shares during the period.
Fidelity Total Bond ETF Price Performance
FBND stock traded down $0.05 on Friday, reaching $44.33. 2,717,195 shares of the company were exchanged, compared to its average volume of 3,250,555. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.78. The stock’s fifty day moving average price is $44.01 and its 200 day moving average price is $45.23. The firm has a market capitalization of $28.58 billion, a PE ratio of 8.94 and a beta of 0.28.
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.
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