International Assets Investment Management LLC Invests $3.59 Million in Fidelity Total Bond ETF (NYSEARCA:FBND)

International Assets Investment Management LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 77,946 shares of the company’s stock, valued at approximately $3,589,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sequoia Financial Advisors LLC raised its position in shares of Fidelity Total Bond ETF by 0.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,952,360 shares of the company’s stock valued at $85,045,000 after purchasing an additional 18,368 shares during the period. Baker Avenue Asset Management LP raised its position in shares of Fidelity Total Bond ETF by 6.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 1,852,684 shares of the company’s stock valued at $80,703,000 after purchasing an additional 105,723 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $74,000. Opal Wealth Advisors LLC raised its position in shares of Fidelity Total Bond ETF by 4.1% during the 4th quarter. Opal Wealth Advisors LLC now owns 35,182 shares of the company’s stock valued at $1,620,000 after purchasing an additional 1,372 shares during the period. Finally, Masso Torrence Wealth Management Inc. raised its position in shares of Fidelity Total Bond ETF by 8.0% during the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 100,727 shares of the company’s stock valued at $4,388,000 after purchasing an additional 7,478 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $44.30 on Thursday. The company has a market cap of $4.25 billion, a P/E ratio of 12.64 and a beta of 0.17. The firm’s fifty day moving average is $45.08 and its two-hundred day moving average is $44.77. Fidelity Total Bond ETF has a 52-week low of $42.45 and a 52-week high of $46.38.

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.