United Advisor Group LLC Increases Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

United Advisor Group LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 20.9% during the first quarter, HoldingsChannel reports. The fund owned 26,627 shares of the company’s stock after purchasing an additional 4,594 shares during the quarter. United Advisor Group LLC’s holdings in Fidelity Total Bond ETF were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FBND. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 1.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 208,265 shares of the company’s stock worth $9,507,000 after buying an additional 2,203 shares in the last quarter. Wealthspan Partners LLC lifted its stake in Fidelity Total Bond ETF by 24.5% in the 1st quarter. Wealthspan Partners LLC now owns 89,093 shares of the company’s stock worth $4,067,000 after purchasing an additional 17,544 shares in the last quarter. WestHill Financial Advisors Inc. boosted its holdings in Fidelity Total Bond ETF by 8.5% in the 1st quarter. WestHill Financial Advisors Inc. now owns 741,126 shares of the company’s stock valued at $33,832,000 after purchasing an additional 58,208 shares during the period. Beacon Capital Management LLC grew its position in shares of Fidelity Total Bond ETF by 129.0% during the 1st quarter. Beacon Capital Management LLC now owns 2,464 shares of the company’s stock valued at $112,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Accelerate Investment Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 3.2% during the 1st quarter. Accelerate Investment Advisors LLC now owns 133,516 shares of the company’s stock valued at $6,095,000 after purchasing an additional 4,123 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.39 on Thursday. The company has a market capitalization of $18.72 billion, a PE ratio of 8.94 and a beta of 0.26. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $47.30. The business’s fifty day moving average is $45.16 and its 200 day moving average is $45.27.

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.