Private Advisor Group LLC Has $68.91 Million Stock Holdings in Fidelity Total Bond ETF $FBND

Private Advisor Group LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,510,419 shares of the company’s stock after buying an additional 70,345 shares during the quarter. Private Advisor Group LLC’s holdings in Fidelity Total Bond ETF were worth $68,905,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new position in Fidelity Total Bond ETF in the first quarter worth approximately $25,000. Rialto Wealth Management LLC acquired a new position in Fidelity Total Bond ETF in the fourth quarter worth approximately $32,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $37,000. Finally, Key Capital Management INC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $49,000.

Fidelity Total Bond ETF Stock Up 0.2%

Shares of FBND opened at $45.47 on Friday. The firm has a market cap of $26.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company’s fifty day moving average is $45.54 and its 200-day moving average is $45.90. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86.

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.