Bright Financial Advisors Inc. purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,228 shares of the company’s stock, valued at approximately $1,042,000. Fidelity Total Bond ETF comprises about 0.7% of Bright Financial Advisors Inc.’s portfolio, making the stock its 24th biggest holding.
A number of other institutional investors have also recently made changes to their positions in FBND. Bank of Montreal Can lifted its stake in shares of Fidelity Total Bond ETF by 17.9% in the 2nd quarter. Bank of Montreal Can now owns 9,217 shares of the company’s stock worth $419,000 after purchasing an additional 1,397 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth approximately $646,000. Park Avenue Securities LLC lifted its stake in shares of Fidelity Total Bond ETF by 11.6% in the 3rd quarter. Park Avenue Securities LLC now owns 16,852 shares of the company’s stock worth $788,000 after purchasing an additional 1,754 shares during the period. Daymark Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $266,000. Finally, CWM LLC lifted its stake in shares of Fidelity Total Bond ETF by 27.3% in the 3rd quarter. CWM LLC now owns 1,273,648 shares of the company’s stock worth $59,530,000 after purchasing an additional 272,917 shares during the period.
Fidelity Total Bond ETF Stock Down 0.1 %
Shares of NYSEARCA:FBND opened at $45.35 on Friday. The firm’s 50 day moving average price is $45.19 and its 200-day moving average price is $45.82. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The stock has a market capitalization of $9.05 billion, a PE ratio of 8.85 and a beta of 0.19.
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.
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