Mayfair Advisory Group LLC Has $7.48 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Mayfair Advisory Group LLC lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 40.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,967 shares of the company’s stock after acquiring an additional 47,719 shares during the quarter. Fidelity Total Bond ETF makes up approximately 5.4% of Mayfair Advisory Group LLC’s portfolio, making the stock its 5th largest position. Mayfair Advisory Group LLC owned about 0.17% of Fidelity Total Bond ETF worth $7,475,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FBND. Oppenheimer & Co. Inc. bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at about $11,176,000. Visionary Wealth Advisors grew its position in Fidelity Total Bond ETF by 5.2% during the fourth quarter. Visionary Wealth Advisors now owns 86,217 shares of the company’s stock valued at $3,969,000 after buying an additional 4,258 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Fidelity Total Bond ETF by 620.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 98,823 shares of the company’s stock valued at $4,550,000 after buying an additional 85,106 shares during the period. Masso Torrence Wealth Management Inc. grew its position in Fidelity Total Bond ETF by 1.9% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 102,636 shares of the company’s stock valued at $4,725,000 after buying an additional 1,909 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. grew its position in Fidelity Total Bond ETF by 358.1% during the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 387,205 shares of the company’s stock valued at $17,827,000 after buying an additional 302,672 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND traded down $0.21 during trading on Friday, hitting $44.93. 1,122,481 shares of the company’s stock traded hands, compared to its average volume of 1,244,409. The stock 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 business has a 50 day moving average of $44.87 and a 200-day moving average of $45.18.

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.