Investment Advisory Group LLC Grows Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Investment Advisory Group LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,632 shares of the company’s stock after purchasing an additional 12,654 shares during the quarter. Fidelity Total Bond ETF makes up 1.1% of Investment Advisory Group LLC’s portfolio, making the stock its 25th biggest position. Investment Advisory Group LLC’s holdings in Fidelity Total Bond ETF were worth $3,259,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Mather Group LLC. grew its stake in Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after purchasing an additional 3,461,472 shares during the last quarter. Crane Advisory LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $50,363,000. Thrivent Financial for Lutherans raised its stake in shares of Fidelity Total Bond ETF by 85.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after acquiring an additional 992,739 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its stake in shares of Fidelity Total Bond ETF by 256.5% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock worth $63,354,000 after acquiring an additional 975,262 shares in the last quarter. Finally, Fermata Advisors LLC lifted its position in Fidelity Total Bond ETF by 771.5% during the third quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock valued at $48,921,000 after acquiring an additional 926,557 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.4 %

NYSEARCA FBND opened at $45.08 on Wednesday. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The firm’s fifty day simple moving average is $45.28 and its two-hundred day simple moving average is $45.86. The firm has a market capitalization of $9.00 billion, a P/E 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.