Steel Grove Capital Advisors LLC Invests $1.24 Million in Fidelity Total Bond ETF $FBND

Steel Grove Capital Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,988 shares of the company’s stock, valued at approximately $1,243,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. EnRich Financial Partners LLC boosted its position in Fidelity Total Bond ETF by 4.0% during the third quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock valued at $21,975,000 after purchasing an additional 18,362 shares during the last quarter. Financial Management Network Inc. boosted its position in Fidelity Total Bond ETF by 20.3% during the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock valued at $5,673,000 after purchasing an additional 20,803 shares during the last quarter. Sunburst Financial Group LLC boosted its position in Fidelity Total Bond ETF by 2.6% during the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock valued at $51,124,000 after purchasing an additional 28,089 shares during the last quarter. Drake & Associates LLC boosted its position in Fidelity Total Bond ETF by 14.3% during the third quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock valued at $38,698,000 after purchasing an additional 104,664 shares during the last quarter. Finally, Coyle Financial Counsel LLC boosted its position in Fidelity Total Bond ETF by 21.8% during the third quarter. Coyle Financial Counsel LLC now owns 735,709 shares of the company’s stock valued at $34,019,000 after purchasing an additional 131,713 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.55 on Wednesday. The stock has a 50 day moving average price of $45.67 and a 200 day moving average price of $46.06. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The stock has a market capitalization of $25.52 billion, a PE ratio of 8.94 and a beta of 0.28.

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.