43,578 Shares in Fidelity Total Bond ETF $FBND Bought by Lido Advisors LLC

Lido Advisors LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 43,578 shares of the company’s stock, valued at approximately $1,996,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF during the 1st quarter worth approximately $25,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $37,000. Key Capital Management INC acquired a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $49,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $49,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $44.97 on Monday. The company’s 50 day simple moving average is $45.39 and its 200 day simple moving average is $45.79. The stock has a market capitalization of $27.10 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year 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.