Intelligence Driven Advisers LLC Purchases 4,858 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Intelligence Driven Advisers LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 105.6% in the 2nd quarter, Holdings Channel reports. The firm owned 9,458 shares of the company’s stock after buying an additional 4,858 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Fidelity Total Bond ETF were worth $425,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth $32,000. Centerpoint Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF in the first quarter valued at about $37,000. Pineridge Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $58,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $89,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock remained flat at $46.83 during mid-day trading on Friday. 4,963,235 shares of the company’s stock were exchanged, compared to its average volume of 1,295,730. The company has a 50-day moving average price of $45.95 and a 200-day moving average price of $45.29. Fidelity Total Bond ETF has a 12-month low of $42.45 and a 12-month high of $47.03. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.