Maryland Capital Advisors Inc. Buys Shares of 11,776 Fidelity Total Bond ETF (NYSEARCA:FBND)

Maryland Capital Advisors Inc. bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,776 shares of the company’s stock, valued at approximately $528,000.

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

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $45.32 on Friday. The firm has a market cap of $9.04 billion, a P/E ratio of 8.85 and a beta of 0.19. The stock’s 50-day moving average is $45.10 and its 200-day moving average is $45.81. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30.

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.