Clarity Retirement & Wealth LLC Invests $10.23 Million in Fidelity Total Bond ETF $FBND

Clarity Retirement & Wealth LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 222,175 shares of the company’s stock, valued at approximately $10,229,000. Fidelity Total Bond ETF makes up approximately 9.0% of Clarity Retirement & Wealth LLC’s investment portfolio, making the stock its 5th biggest position.

Several other hedge funds have also made changes to their positions in the business. Dupree Financial Group LLC lifted its position in shares of Fidelity Total Bond ETF by 1.6% during the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock worth $651,000 after purchasing an additional 219 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Fidelity Total Bond ETF by 0.6% during the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after purchasing an additional 220 shares in the last quarter. RWA Wealth Partners LLC lifted its position in shares of Fidelity Total Bond ETF by 2.6% during the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after purchasing an additional 241 shares in the last quarter. Capital CS Group LLC lifted its position in shares of Fidelity Total Bond ETF by 4.8% during the third quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock worth $288,000 after purchasing an additional 286 shares in the last quarter. Finally, Investment Advisory Group LLC lifted its position in shares of Fidelity Total Bond ETF by 0.4% during the fourth quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock worth $3,277,000 after purchasing an additional 303 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

Shares of NYSEARCA:FBND opened at $45.26 on Tuesday. The firm’s 50 day moving average price is $45.62 and its 200 day moving average price is $46.00. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86.

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.