Mutual Advisors LLC Increases Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Mutual Advisors LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.2% in the 4th quarter, HoldingsChannel reports. The fund owned 39,150 shares of the company’s stock after purchasing an additional 5,173 shares during the period. Mutual Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $1,759,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in Fidelity Total Bond ETF by 15.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,516 shares of the company’s stock worth $5,856,000 after acquiring an additional 17,609 shares during the last quarter. Baker Ellis Asset Management LLC grew its holdings in Fidelity Total Bond ETF by 1.7% during the 4th quarter. Baker Ellis Asset Management LLC now owns 297,983 shares of the company’s stock valued at $13,370,000 after buying an additional 4,949 shares in the last quarter. Investment Advisory Group LLC grew its holdings in Fidelity Total Bond ETF by 21.1% during the 4th quarter. Investment Advisory Group LLC now owns 72,632 shares of the company’s stock valued at $3,259,000 after buying an additional 12,654 shares in the last quarter. Genesis Private Wealth LLC purchased a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $11,834,000. Finally, Octavia Wealth Advisors LLC grew its holdings in Fidelity Total Bond ETF by 5.9% during the 4th quarter. Octavia Wealth Advisors LLC now owns 1,463,599 shares of the company’s stock valued at $66,018,000 after buying an additional 81,526 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.2 %

FBND stock opened at $45.01 on Friday. The firm has a market capitalization of $8.98 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The stock has a 50-day simple moving average of $45.26 and a two-hundred day simple moving average of $45.84.

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.