Lion Street Advisors LLC Makes New Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Lion Street Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,444 shares of the company’s stock, valued at approximately $431,000.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth about $25,000. NBC Securities Inc. acquired a new position in shares of Fidelity Total Bond ETF during the first quarter worth about $28,000. Lindbrook Capital LLC acquired a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $36,000. Finally, Sound Income Strategies LLC raised its holdings in Fidelity Total Bond ETF by 63.1% in the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after acquiring an additional 306 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.3%

Shares of Fidelity Total Bond ETF stock opened at $45.36 on Wednesday. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $47.30. The company has a market capitalization of $18.71 billion, a P/E ratio of 8.94 and a beta of 0.26. The company has a 50 day moving average of $45.16 and a 200 day moving average of $45.27.

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.