Investment Advisory Group LLC Increases Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Investment Advisory Group LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 21.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 72,632 shares of the company’s stock after purchasing an additional 12,654 shares during the period. Fidelity Total Bond ETF makes up approximately 1.1% of Investment Advisory Group LLC’s holdings, making the stock its 25th largest holding. Investment Advisory Group LLC’s holdings in Fidelity Total Bond ETF were worth $3,259,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Wealthcare Capital Management LLC raised its stake in Fidelity Total Bond ETF by 3.0% in the 4th quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock valued at $356,000 after purchasing an additional 231 shares during the last quarter. Peterson Wealth Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 0.8% during the third quarter. Peterson Wealth Advisors LLC now owns 31,396 shares of the company’s stock worth $1,467,000 after buying an additional 246 shares in the last quarter. Regatta Capital Group LLC raised its position in shares of Fidelity Total Bond ETF by 2.3% in the third quarter. Regatta Capital Group LLC now owns 13,713 shares of the company’s stock valued at $641,000 after buying an additional 304 shares during the last quarter. AE Wealth Management LLC raised its position in shares of Fidelity Total Bond ETF by 4.7% in the second quarter. AE Wealth Management LLC now owns 10,296 shares of the company’s stock valued at $463,000 after buying an additional 459 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Fidelity Total Bond ETF in the third quarter worth about $25,000.

Fidelity Total Bond ETF Trading Up 0.4 %

FBND opened at $45.08 on Wednesday. The firm has a market capitalization of $9.00 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The firm’s 50-day moving average price is $45.28 and its 200 day moving average price is $45.86.

Fidelity Total Bond ETF Profile

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.