Capital Asset Advisory Services LLC Buys 2,917 Shares of Fidelity Total Bond ETF $FBND

Capital Asset Advisory Services LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,704 shares of the company’s stock after buying an additional 2,917 shares during the period. Capital Asset Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $2,731,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FBND. Royal Bank of Canada increased its position in Fidelity Total Bond ETF by 60.9% during the 4th quarter. Royal Bank of Canada now owns 3,374,879 shares of the company’s stock valued at $151,431,000 after buying an additional 1,277,575 shares in the last quarter. Salus Financial Advisors LLC bought a new position in Fidelity Total Bond ETF during the 4th quarter valued at approximately $12,436,000. Visionary Wealth Advisors increased its position in Fidelity Total Bond ETF by 58.0% during the 4th quarter. Visionary Wealth Advisors now owns 150,422 shares of the company’s stock valued at $6,749,000 after buying an additional 55,198 shares in the last quarter. Waverly Advisors LLC increased its position in Fidelity Total Bond ETF by 11.3% during the 4th quarter. Waverly Advisors LLC now owns 106,935 shares of the company’s stock valued at $4,798,000 after buying an additional 10,891 shares in the last quarter. Finally, Novem Group bought a new position in Fidelity Total Bond ETF during the 4th quarter valued at approximately $429,000.

Fidelity Total Bond ETF Trading Down 0.2%

Fidelity Total Bond ETF stock opened at $46.51 on Friday. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. The stock has a fifty day simple moving average of $45.81 and a two-hundred day simple moving average of $45.52. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $47.30.

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.