Baker Ellis Asset Management LLC Increases Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Baker Ellis Asset Management LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 297,983 shares of the company’s stock after purchasing an additional 4,949 shares during the quarter. Fidelity Total Bond ETF comprises 2.0% of Baker Ellis Asset Management LLC’s holdings, making the stock its 7th largest position. Baker Ellis Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $13,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter worth approximately $30,000. Highline Wealth Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter worth approximately $47,000. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter worth approximately $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $87,000.

Fidelity Total Bond ETF Trading Down 0.2 %

Shares of FBND opened at $44.99 on Thursday. The stock has a 50 day moving average of $45.28 and a 200 day moving average of $45.85. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

Fidelity Total Bond ETF Company 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.