World Equity Group Inc. Takes $758,000 Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

World Equity Group Inc. acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the first quarter, Holdings Channel reports. The institutional investor acquired 16,598 shares of the company’s stock, valued at approximately $758,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its holdings in Fidelity Total Bond ETF by 367.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 16,438 shares of the company’s stock valued at $738,000 after purchasing an additional 12,922 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Fidelity Total Bond ETF by 69.2% in the first quarter. Park Avenue Securities LLC now owns 22,559 shares of the company’s stock valued at $1,030,000 after purchasing an additional 9,225 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Fidelity Total Bond ETF by 15.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 206,062 shares of the company’s stock valued at $9,246,000 after purchasing an additional 27,243 shares during the last quarter. HUB Investment Partners LLC increased its holdings in Fidelity Total Bond ETF by 11.2% in the fourth quarter. HUB Investment Partners LLC now owns 1,016,093 shares of the company’s stock valued at $45,592,000 after purchasing an additional 102,233 shares during the last quarter. Finally, Curtis Advisory Group LLC increased its holdings in shares of Fidelity Total Bond ETF by 131.5% in the fourth quarter. Curtis Advisory Group LLC now owns 23,065 shares of the company’s stock worth $1,035,000 after acquiring an additional 13,100 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.44 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $47.30. The business has a 50-day moving average of $45.19 and a two-hundred day moving average of $45.27. The company has a market capitalization of $18.74 billion, a P/E ratio of 8.94 and a beta of 0.26.

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.