Private Wealth Management Group LLC Invests $127,000 in Fidelity Total Bond ETF (NYSEARCA:FBND)

Private Wealth Management Group LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,823 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Insight Advisors LLC PA lifted its position in Fidelity Total Bond ETF by 28.8% in the fourth quarter. Insight Advisors LLC PA now owns 19,479 shares of the company’s stock worth $875,000 after purchasing an additional 4,360 shares during the period. Schmidt P J Investment Management Inc. grew its stake in Fidelity Total Bond ETF by 5.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 146,824 shares of the company’s stock worth $6,588,000 after buying an additional 7,140 shares during the last quarter. Benchmark Financial Wealth Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $1,503,000. Onyx Bridge Wealth Group LLC lifted its position in Fidelity Total Bond ETF by 7.9% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 168,961 shares of the company’s stock worth $7,588,000 after buying an additional 12,365 shares in the last quarter. Finally, John W. Brooker & Co. CPAs lifted its position in shares of Fidelity Total Bond ETF by 4.2% during the fourth quarter. John W. Brooker & Co. CPAs now owns 362,093 shares of the company’s stock worth $16,247,000 after purchasing an additional 14,624 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.39 on Thursday. The stock has a market capitalization of $9.06 billion, a P/E 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. The stock has a fifty day moving average of $45.20 and a 200-day moving average of $45.83.

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.