Sentinel Advisory Group LLC Purchases Shares of 146,305 Fidelity Total Bond ETF $FBND

Sentinel Advisory Group LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 146,305 shares of the company’s stock, valued at approximately $6,674,000. Fidelity Total Bond ETF accounts for 3.3% of Sentinel Advisory Group LLC’s investment portfolio, making the stock its 11th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at $25,000. GHP Investment Advisors Inc. bought a new position in Fidelity Total Bond ETF in the 1st quarter worth $25,000. Tucker Asset Management LLC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter worth $37,000. Key Capital Management INC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter worth $49,000. Finally, Darwin Wealth Management LLC bought a new stake in Fidelity Total Bond ETF during the second quarter valued at about $49,000.

Fidelity Total Bond ETF Stock Up 0.1%

NYSEARCA:FBND opened at $44.97 on Friday. The business’s 50-day simple moving average is $45.39 and its two-hundred day simple moving average is $45.79. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The stock has a market cap of $27.10 billion, a PE ratio of 8.94 and a beta of 0.27.

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.