Milestone Investment Advisors LLC Purchases 13,144 Shares of Fidelity Total Bond ETF $FBND

Milestone Investment Advisors LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,916 shares of the company’s stock after buying an additional 13,144 shares during the quarter. Fidelity Total Bond ETF accounts for 3.1% of Milestone Investment Advisors LLC’s holdings, making the stock its 7th largest holding. Milestone Investment Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $12,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EnRich Financial Partners LLC increased its stake in shares of Fidelity Total Bond ETF by 4.0% during the third quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock worth $21,975,000 after buying an additional 18,362 shares during the period. Financial Management Network Inc. lifted its stake in Fidelity Total Bond ETF by 20.3% in the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock worth $5,673,000 after acquiring an additional 20,803 shares during the last quarter. Sunburst Financial Group LLC lifted its stake in Fidelity Total Bond ETF by 2.6% in the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after acquiring an additional 28,089 shares during the last quarter. Drake & Associates LLC grew its holdings in Fidelity Total Bond ETF by 14.3% during the 3rd quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after acquiring an additional 104,664 shares in the last quarter. Finally, Salus Financial Advisors LLC grew its holdings in Fidelity Total Bond ETF by 6.8% during the 3rd quarter. Salus Financial Advisors LLC now owns 299,428 shares of the company’s stock worth $13,846,000 after acquiring an additional 19,085 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.29 on Monday. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The company’s 50 day moving average is $45.63 and its two-hundred day moving average is $46.01. The company has a market cap of $25.38 billion, a PE ratio of 8.94 and a beta of 0.27.

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.