50,629 Shares in Fidelity Total Bond ETF $FBND Purchased by SHP Wealth Management

SHP Wealth Management acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 50,629 shares of the company’s stock, valued at approximately $2,331,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter worth about $25,000. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $32,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $36,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $37,000. Finally, Fifth Third Bancorp boosted its position in shares of Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after buying an additional 468 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.61 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The company has a market cap of $25.56 billion, a PE ratio of 8.94 and a beta of 0.27. The stock has a 50 day simple moving average of $45.60 and a 200-day simple moving average of $45.95.

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.