Financial & Tax Architects LLC Makes New $12.75 Million Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Financial & Tax Architects LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 284,242 shares of the company’s stock, valued at approximately $12,754,000. Fidelity Total Bond ETF makes up approximately 3.2% of Financial & Tax Architects LLC’s holdings, making the stock its 7th largest holding. Financial & Tax Architects LLC owned approximately 0.14% of Fidelity Total Bond ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. lifted its holdings in shares of Fidelity Total Bond ETF by 4,145.0% in the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after acquiring an additional 3,461,472 shares during the last quarter. Crane Advisory LLC bought a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at $50,363,000. Thrivent Financial for Lutherans raised its holdings in Fidelity Total Bond ETF by 85.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after buying an additional 992,739 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its holdings in Fidelity Total Bond ETF by 256.5% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock valued at $63,354,000 after buying an additional 975,262 shares during the last quarter. Finally, Fermata Advisors LLC raised its holdings in Fidelity Total Bond ETF by 771.5% during the 3rd quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock valued at $48,921,000 after buying an additional 926,557 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock traded down $0.01 during mid-day trading on Friday, reaching $44.92. 1,504,931 shares of the company traded hands, compared to its average volume of 2,062,621. The firm’s 50 day moving average price is $45.30 and its 200 day moving average price is $45.84. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30.

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.