Fidelity Total Bond ETF $FBND Stake Boosted by Investment Advisory Services Group LLC

Investment Advisory Services Group LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 445,066 shares of the company’s stock after acquiring an additional 22,048 shares during the quarter. Fidelity Total Bond ETF makes up 17.7% of Investment Advisory Services Group LLC’s portfolio, making the stock its 2nd biggest holding. Investment Advisory Services Group LLC owned 0.08% of Fidelity Total Bond ETF worth $20,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FBND. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter worth 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 bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at 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 acquired a new stake in Fidelity Total Bond ETF in the fourth quarter valued at approximately $49,000.

Fidelity Total Bond ETF Stock Down 0.2%

Shares of FBND traded down $0.08 during mid-day trading on Tuesday, hitting $45.38. 399,102 shares of the company’s stock were exchanged, compared to its average volume of 2,787,775. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The firm has a fifty day moving average of $45.52 and a two-hundred day moving average of $45.89. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve 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.