Concurrent Investment Advisors LLC Has $3.68 Million Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Concurrent Investment Advisors LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 118.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 78,692 shares of the company’s stock after purchasing an additional 42,740 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $3,678,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FBND. Marshall Financial Group LLC acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $843,000. Cetera Investment Advisers raised its holdings in Fidelity Total Bond ETF by 31.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock worth $71,519,000 after acquiring an additional 383,302 shares during the period. Harbour Investments Inc. raised its holdings in Fidelity Total Bond ETF by 23.5% in the 2nd quarter. Harbour Investments Inc. now owns 287,684 shares of the company’s stock worth $12,926,000 after acquiring an additional 54,676 shares during the period. Certified Advisory Corp lifted its position in Fidelity Total Bond ETF by 4.9% during the 2nd quarter. Certified Advisory Corp now owns 268,452 shares of the company’s stock worth $12,062,000 after acquiring an additional 12,660 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 4.7% during the second quarter. AE Wealth Management LLC now owns 10,296 shares of the company’s stock valued at $463,000 after acquiring an additional 459 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.29 on Thursday. The stock’s 50-day moving average is $46.37 and its 200-day moving average is $45.69. The company has a market cap of $9.04 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52-week low of $43.34 and a 52-week 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.