Fidelity Total Bond ETF $FBND Shares Purchased by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 129,850 shares of the company’s stock after purchasing an additional 27,974 shares during the period. Fidelity Total Bond ETF accounts for 1.6% of Strata Wealth Advisors LLC’s holdings, making the stock its 12th largest position. Strata Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $5,924,000 at the end of the most recent quarter.

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

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock traded down $0.09 on Tuesday, reaching $45.37. The company had a trading volume of 439,503 shares, compared to its average volume of 2,788,134. The firm’s 50 day moving average price is $45.52 and its two-hundred day moving average price is $45.89. The firm has a market cap of $26.58 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52-week low of $44.82 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.