TCG Advisory Services LLC Invests $17.22 Million in Fidelity Total Bond ETF (NYSEARCA:FBND)

TCG Advisory Services LLC bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 374,080 shares of the company’s stock, valued at approximately $17,223,000. Fidelity Total Bond ETF comprises approximately 1.2% of TCG Advisory Services LLC’s portfolio, making the stock its 17th biggest position. TCG Advisory Services LLC owned approximately 0.39% of Fidelity Total Bond ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FBND. Geneos Wealth Management Inc. grew its stake in shares of Fidelity Total Bond ETF by 15.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,720 shares of the company’s stock worth $79,000 after purchasing an additional 228 shares during the period. Ancora Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF by 0.6% during the 3rd quarter. Ancora Advisors LLC now owns 44,261 shares of the company’s stock valued at $1,928,000 after purchasing an additional 268 shares in the last quarter. Financial Advocates Investment Management grew its position in shares of Fidelity Total Bond ETF by 6.5% in the 3rd quarter. Financial Advocates Investment Management now owns 5,813 shares of the company’s stock valued at $253,000 after purchasing an additional 353 shares during the period. Private Trust Co. NA increased its stake in Fidelity Total Bond ETF by 51.2% during the 4th quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock worth $74,000 after purchasing an additional 547 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $25,000.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock traded up $0.24 on Friday, hitting $44.64. The company had a trading volume of 843,651 shares, compared to its average volume of 1,288,065. The stock has a 50-day moving average of $44.87 and a 200-day moving average of $44.85. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $46.34. The firm has a market capitalization of $8.85 billion, a P/E ratio of 8.76 and a beta of 0.15.

Fidelity Total Bond ETF 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.