World Investment Advisors Raises Position in Fidelity Total Bond ETF $FBND

World Investment Advisors raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,036 shares of the company’s stock after buying an additional 48,640 shares during the period. World Investment Advisors’ holdings in Fidelity Total Bond ETF were worth $18,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FBND. Dupree Financial Group LLC increased its stake in Fidelity Total Bond ETF by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock worth $651,000 after purchasing an additional 219 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Fidelity Total Bond ETF by 0.6% during the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after purchasing an additional 220 shares during the period. Investment Advisory Group LLC grew its holdings in shares of Fidelity Total Bond ETF by 0.4% in the fourth quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock worth $3,277,000 after purchasing an additional 303 shares during the last quarter. Keystone Financial Group increased its stake in shares of Fidelity Total Bond ETF by 3.1% in the third quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock worth $477,000 after buying an additional 315 shares during the period. Finally, Wealth Quarterback LLC increased its stake in shares of Fidelity Total Bond ETF by 4.7% in the fourth quarter. Wealth Quarterback LLC now owns 7,130 shares of the company’s stock worth $328,000 after buying an additional 317 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.47 on Friday. The company has a market cap of $26.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company has a 50-day moving average price of $45.53 and a 200-day moving average price of $45.90. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86.

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.