Nations Financial Group Inc. IA ADV Buys 50,885 Shares of Fidelity Total Bond ETF $FBND

Nations Financial Group Inc. IA ADV increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 37.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,357 shares of the company’s stock after buying an additional 50,885 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Fidelity Total Bond ETF were worth $8,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at about $25,000. Rialto Wealth Management LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $32,000. Clearstead Advisors LLC purchased a new position in Fidelity Total Bond ETF in the third quarter valued at about $36,000. Tucker Asset Management LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $37,000. Finally, Key Capital Management INC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at approximately $49,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.61 on Friday. The company has a 50 day moving average of $45.60 and a 200-day moving average of $45.95. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The firm has a market cap of $25.56 billion, a P/E ratio of 8.94 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.