World Investment Advisors Has $15.32 Million Holdings in Fidelity Total Bond ETF $FBND

World Investment Advisors raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 348,396 shares of the company’s stock after purchasing an additional 50,819 shares during the quarter. World Investment Advisors’ holdings in Fidelity Total Bond ETF were worth $15,318,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $32,000. Clearstead Advisors LLC acquired a new position in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $36,000. First Command Advisory Services Inc. acquired a new position in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $47,000. Key Capital Management INC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $49,000. Finally, Fifth Third Bancorp increased its stake in Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after buying an additional 468 shares during the period.

Fidelity Total Bond ETF Stock Down 0.3%

Shares of FBND opened at $45.51 on Wednesday. The company’s fifty day moving average is $45.83 and its 200-day moving average is $46.14. Fidelity Total Bond ETF has a 12 month low of $44.73 and a 12 month high of $46.86. The firm has a market cap of $25.50 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.