Baker Ellis Asset Management LLC Acquires 3,890 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Baker Ellis Asset Management LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,917 shares of the company’s stock after acquiring an additional 3,890 shares during the quarter. Fidelity Total Bond ETF comprises about 1.7% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Baker Ellis Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $11,732,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at about $25,000. Pineridge Advisors LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at about $46,000. PNC Financial Services Group Inc. bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at about $58,000. Sound Income Strategies LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at about $74,000. Finally, 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 valued at $74,000 after purchasing an additional 547 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.5 %

NYSEARCA:FBND traded down $0.21 on Friday, reaching $44.93. 1,122,481 shares of the stock traded hands, compared to its average volume of 1,244,409. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $46.21. The company’s fifty day simple moving average is $44.87 and its 200 day simple moving average is $45.18.

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.