Fidelity Total Bond ETF $FBND Shares Purchased by Watchman Group Inc.

Watchman Group Inc. grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 411,541 shares of the company’s stock after purchasing an additional 41,798 shares during the period. Fidelity Total Bond ETF makes up approximately 4.5% of Watchman Group Inc.’s investment portfolio, making the stock its 7th largest holding. Watchman Group Inc. owned 0.08% of Fidelity Total Bond ETF worth $18,947,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $32,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at about $36,000. Tucker Asset Management LLC bought a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $37,000. First Command Advisory Services Inc. bought a new stake in Fidelity Total Bond ETF during the third quarter worth about $47,000. Finally, Key Capital Management INC bought a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $49,000.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.19 on Tuesday. Fidelity Total Bond ETF has a 52-week low of $44.73 and a 52-week high of $46.86. The firm has a market capitalization of $25.32 billion, a PE ratio of 8.94 and a beta of 0.28. The business’s 50-day simple moving average is $45.76 and its 200 day simple moving average is $46.10.

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.