Milestone Asset Management LLC Raises Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Milestone Asset Management LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 23.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,161 shares of the company’s stock after buying an additional 3,254 shares during the period. Milestone Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $770,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. USAdvisors Wealth Management LLC raised its holdings in Fidelity Total Bond ETF by 20.7% in the fourth quarter. USAdvisors Wealth Management LLC now owns 222,011 shares of the company’s stock worth $9,961,000 after buying an additional 38,054 shares during the last quarter. Ibex Wealth Advisors purchased a new position in Fidelity Total Bond ETF in the fourth quarter worth about $1,209,000. Allen Capital Group LLC grew its stake in shares of Fidelity Total Bond ETF by 0.8% in the fourth quarter. Allen Capital Group LLC now owns 126,110 shares of the company’s stock worth $5,659,000 after acquiring an additional 967 shares during the period. Strategic Blueprint LLC grew its stake in shares of Fidelity Total Bond ETF by 23.5% in the fourth quarter. Strategic Blueprint LLC now owns 137,346 shares of the company’s stock worth $6,163,000 after acquiring an additional 26,121 shares during the period. Finally, Masso Torrence Wealth Management Inc. grew its stake in shares of Fidelity Total Bond ETF by 3.6% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 122,472 shares of the company’s stock worth $5,495,000 after acquiring an additional 4,250 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.19 on Thursday. The company has a 50 day moving average price of $45.25 and a 200-day moving average price of $45.84. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The firm has a market capitalization of $9.02 billion, a PE ratio of 8.85 and a beta of 0.19.

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.