Independent Financial Group LLC Invests $1.27 Million in Fidelity Total Bond ETF $FBND

Independent Financial Group LLC bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 27,950 shares of the company’s stock, valued at approximately $1,275,000.

Several other large investors have also recently bought and sold shares of FBND. Root Financial Partners LLC acquired a new stake in Fidelity Total Bond ETF in the 4th quarter worth $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF during the first quarter valued at about $25,000. Rialto Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at about $32,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $37,000. Finally, Key Capital Management INC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $49,000.

Fidelity Total Bond ETF Stock Down 0.3%

Shares of FBND opened at $45.17 on Tuesday. The stock’s 50-day moving average price is $45.43 and its 200 day moving average price is $45.82. The firm has a market capitalization of $27.06 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86.

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.