International Assets Investment Management LLC Buys New Holdings 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 fourth quarter, HoldingsChannel reports. The firm purchased 77,946 shares of the company’s stock, valued at approximately $3,589,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ancora Advisors LLC grew its stake in Fidelity Total Bond ETF by 0.6% in the 3rd quarter. Ancora Advisors LLC now owns 44,261 shares of the company’s stock valued at $1,928,000 after buying an additional 268 shares during the last quarter. Financial Advocates Investment Management grew its position in shares of Fidelity Total Bond ETF by 6.5% in the third quarter. Financial Advocates Investment Management now owns 5,813 shares of the company’s stock valued at $253,000 after purchasing an additional 353 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Fidelity Total Bond ETF by 51.2% during the fourth quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock worth $74,000 after purchasing an additional 547 shares during the period. Financial Management Professionals Inc. acquired a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $25,000. Finally, Curtis Advisory Group LLC boosted its stake in Fidelity Total Bond ETF by 7.6% in the 3rd quarter. Curtis Advisory Group LLC now owns 8,074 shares of the company’s stock valued at $352,000 after purchasing an additional 570 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $44.80 on Friday. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock’s fifty day moving average price is $44.85 and its two-hundred day moving average price is $44.89. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.30.

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.