Prime Capital Investment Advisors LLC Grows Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Prime Capital Investment Advisors LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,030 shares of the company’s stock after acquiring an additional 14,272 shares during the period. Prime Capital Investment Advisors LLC owned about 0.06% of Fidelity Total Bond ETF worth $5,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FBND. Northwest Investment Counselors LLC bought a new position in Fidelity Total Bond ETF during the third quarter worth $30,000. Transcendent Capital Group LLC purchased a new stake in Fidelity Total Bond ETF during the second quarter valued at about $32,000. Highline Wealth Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $47,000. Strategic Financial Concepts LLC acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter worth about $49,000. Finally, Bell Investment Advisors Inc purchased a new position in Fidelity Total Bond ETF during the second quarter valued at approximately $55,000.

Fidelity Total Bond ETF Stock Down 0.6 %

Shares of FBND opened at $45.35 on Wednesday. Fidelity Total Bond ETF has a 12-month low of $43.34 and a 12-month high of $47.30. The stock’s 50-day moving average price is $46.33 and its 200 day moving average price is $45.73. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.