Fortitude Advisory Group L.L.C. Grows Stock Position in Fidelity Total Bond ETF $FBND

Fortitude Advisory Group L.L.C. increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,588 shares of the company’s stock after buying an additional 631 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Fidelity Total Bond ETF were worth $439,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mascoma Wealth Management LLC raised its position in shares of Fidelity Total Bond ETF by 3.8% during the 2nd quarter. Mascoma Wealth Management LLC now owns 738,850 shares of the company’s stock valued at $33,802,000 after buying an additional 26,983 shares during the period. Simplicity Wealth LLC raised its position in shares of Fidelity Total Bond ETF by 416.6% during the 2nd quarter. Simplicity Wealth LLC now owns 54,442 shares of the company’s stock valued at $2,491,000 after buying an additional 43,904 shares during the period. Wealthcare Advisory Partners LLC raised its position in Fidelity Total Bond ETF by 15.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 1,325,768 shares of the company’s stock valued at $60,654,000 after purchasing an additional 178,284 shares during the period. USAdvisors Wealth Management LLC raised its position in Fidelity Total Bond ETF by 5.3% in the second quarter. USAdvisors Wealth Management LLC now owns 228,960 shares of the company’s stock valued at $10,476,000 after purchasing an additional 11,423 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $2,662,000.

Fidelity Total Bond ETF Stock Down 0.2%

Shares of NYSEARCA FBND opened at $46.33 on Friday. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.75. The business’s 50 day moving average is $46.08 and its two-hundred day moving average is $45.60.

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.