Quad Cities Investment Group LLC Purchases 21,769 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Quad Cities Investment Group LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 34.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 85,680 shares of the company’s stock after purchasing an additional 21,769 shares during the quarter. Fidelity Total Bond ETF makes up 1.9% of Quad Cities Investment Group LLC’s portfolio, making the stock its 12th largest position. Quad Cities Investment Group LLC’s holdings in Fidelity Total Bond ETF were worth $3,844,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FBND. Mark Sheptoff Financial Planning LLC bought a new position in shares of Fidelity Total Bond ETF during the third quarter worth $25,000. Northwest Investment Counselors LLC purchased a new stake in Fidelity Total Bond ETF in the 3rd quarter worth $30,000. Highline Wealth Partners LLC purchased a new stake in Fidelity Total Bond ETF in the 3rd quarter worth $47,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at about $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Fidelity Total Bond ETF during the third quarter valued at about $87,000.

Fidelity Total Bond ETF Trading Down 0.1 %

Shares of FBND stock opened at $44.41 on Tuesday. The stock’s 50-day moving average price is $45.36 and its 200-day moving average price is $45.86. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.