Fortitude Advisory Group L.L.C. boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 4,181.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,412 shares of the company’s stock after acquiring an additional 403,757 shares during the quarter. Fidelity Total Bond ETF accounts for 8.1% of Fortitude Advisory Group L.L.C.’s portfolio, making the stock its 3rd largest position. Fortitude Advisory Group L.L.C. owned approximately 0.08% of Fidelity Total Bond ETF worth $19,033,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the stock. Dupree Financial Group LLC lifted its position in Fidelity Total Bond ETF by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after acquiring an additional 219 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Fidelity Total Bond ETF by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after acquiring an additional 220 shares in the last quarter. RWA Wealth Partners LLC lifted its position in Fidelity Total Bond ETF by 2.6% in the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after acquiring an additional 241 shares in the last quarter. Capital CS Group LLC lifted its position in Fidelity Total Bond ETF by 4.8% in the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after acquiring an additional 286 shares in the last quarter. Finally, Investment Advisory Group LLC lifted its position in Fidelity Total Bond ETF by 0.4% in the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after acquiring an additional 303 shares in the last quarter.
Fidelity Total Bond ETF Trading Down 0.1%
FBND opened at $45.53 on Friday. The stock has a market capitalization of $25.51 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The firm’s fifty day simple moving average is $45.62 and its 200 day simple moving average is $45.98.
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.
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