Cary Street Partners Financial LLC Takes Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cary Street Partners Financial LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 25,974 shares of the company’s stock, valued at approximately $1,165,000.

Several other institutional investors also recently added to or reduced their stakes in FBND. Baird Financial Group Inc. raised its holdings in shares of Fidelity Total Bond ETF by 44.2% in the fourth quarter. Baird Financial Group Inc. now owns 549,855 shares of the company’s stock valued at $24,672,000 after buying an additional 168,435 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in Fidelity Total Bond ETF by 1.4% during the 4th quarter. Baker Avenue Asset Management LP now owns 149,055 shares of the company’s stock valued at $6,688,000 after acquiring an additional 2,061 shares during the last quarter. Bank of America Corp DE lifted its position in Fidelity Total Bond ETF by 8.4% during the 4th quarter. Bank of America Corp DE now owns 11,296,969 shares of the company’s stock worth $506,895,000 after acquiring an additional 879,260 shares during the period. Aptus Capital Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 19.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,043,318 shares of the company’s stock valued at $47,050,000 after purchasing an additional 172,160 shares during the last quarter. Finally, Apex Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $9,078,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.37 on Thursday. The stock has a fifty day moving average price of $45.42 and a 200 day moving average price of $45.36. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $47.30. The company has a market cap of $18.29 billion, a PE ratio of 9.01 and a beta of 0.27.

Fidelity Total Bond ETF Company 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.