Bay Colony Advisory Group Inc d b a Bay Colony Advisors Buys 1,370 Shares of Fidelity Total Bond ETF $FBND

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 17,589 shares of the company’s stock after acquiring an additional 1,370 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Fidelity Total Bond ETF were worth $805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FBND. Golden State Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF by 10,456.2% during the first quarter. Golden State Wealth Management LLC now owns 48,242 shares of the company’s stock worth $2,202,000 after buying an additional 47,785 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in shares of Fidelity Total Bond ETF by 5.0% during the first quarter. Silver Oak Securities Incorporated now owns 325,355 shares of the company’s stock worth $14,804,000 after buying an additional 15,640 shares during the last quarter. Baker Boyer National Bank grew its stake in shares of Fidelity Total Bond ETF by 5.2% during the first quarter. Baker Boyer National Bank now owns 409,123 shares of the company’s stock worth $18,676,000 after buying an additional 20,205 shares during the last quarter. Element Wealth LLC bought a new stake in shares of Fidelity Total Bond ETF in the first quarter worth $482,000. Finally, World Investment Advisors grew its stake in shares of Fidelity Total Bond ETF by 7.9% in the first quarter. World Investment Advisors now owns 245,023 shares of the company’s stock worth $11,192,000 after purchasing an additional 18,030 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.0%

Shares of Fidelity Total Bond ETF stock opened at $46.36 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The stock has a market cap of $22.05 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The company’s fifty day moving average is $46.39 and its 200 day moving average is $45.76.

Fidelity Total Bond ETF 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.