Investment Advisory Group LLC Acquires 8,731 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Investment Advisory Group LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 174.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,726 shares of the company’s stock after acquiring an additional 8,731 shares during the quarter. Investment Advisory Group LLC’s holdings in Fidelity Total Bond ETF were worth $632,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FBND. Financial Management Professionals Inc. bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth about $25,000. NBC Securities Inc. bought a new position in shares of Fidelity Total Bond ETF during the third quarter worth about $27,000. Money Concepts Capital Corp bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth about $46,000. Retirement Group LLC bought a new position in shares of Fidelity Total Bond ETF during the second quarter worth about $50,000. Finally, Sound Income Strategies LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth about $74,000.

Fidelity Total Bond ETF Stock Down 0.3 %

Shares of NYSEARCA:FBND traded down $0.12 during mid-day trading on Tuesday, reaching $44.11. 454,257 shares of the stock were exchanged, compared to its average volume of 1,305,349. The stock’s 50 day simple moving average is $45.13 and its 200-day simple moving average is $44.76. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.38. The company has a market cap of $4.23 billion, a P/E ratio of 12.64 and a beta of 0.17.

Fidelity Total Bond ETF Company 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.