Investment Advisory Services Group LLC Takes $19.48 Million Position in Fidelity Total Bond ETF $FBND

Investment Advisory Services Group LLC bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 423,018 shares of the company’s stock, valued at approximately $19,476,000. Fidelity Total Bond ETF accounts for approximately 17.3% of Investment Advisory Services Group LLC’s holdings, making the stock its 2nd biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. raised its stake in Fidelity Total Bond ETF by 149.5% in the 4th quarter. Valley Wealth Managers Inc. now owns 62,724 shares of the company’s stock valued at $2,888,000 after purchasing an additional 37,588 shares during the last quarter. Money Concepts Capital Corp boosted its stake in Fidelity Total Bond ETF by 168.6% during the 4th quarter. Money Concepts Capital Corp now owns 13,795 shares of the company’s stock worth $635,000 after purchasing an additional 8,660 shares during the last quarter. Tsfg LLC grew its holdings in shares of Fidelity Total Bond ETF by 16.5% during the fourth quarter. Tsfg LLC now owns 183,507 shares of the company’s stock worth $8,449,000 after buying an additional 25,986 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 4.7% during the fourth quarter. Mascoma Wealth Management LLC now owns 782,784 shares of the company’s stock worth $36,039,000 after buying an additional 34,872 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Fidelity Total Bond ETF by 5.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,757,004 shares of the company’s stock valued at $76,199,000 after buying an additional 83,511 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.3%

NYSEARCA:FBND opened at $45.63 on Tuesday. The company has a market cap of $25.57 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $44.73 and a twelve month high of $46.86. The company’s 50-day moving average price is $45.86 and its 200-day moving average price is $46.15.

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.