Strategic Financial Concepts LLC Takes Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Strategic Financial Concepts LLC acquired a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, HoldingsChannel reports. The fund acquired 108,787 shares of the company’s stock, valued at approximately $4,881,000.

Several other institutional investors also recently bought and sold shares of the business. Financial Synergies Wealth Advisors Inc. lifted its holdings in Fidelity Total Bond ETF by 45.5% during the fourth quarter. Financial Synergies Wealth Advisors Inc. now owns 61,697 shares of the company’s stock worth $2,768,000 after buying an additional 19,301 shares during the period. Consolidated Portfolio Review Corp lifted its stake in shares of Fidelity Total Bond ETF by 10.0% during the 4th quarter. Consolidated Portfolio Review Corp now owns 9,576 shares of the company’s stock worth $430,000 after purchasing an additional 872 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Fidelity Total Bond ETF by 138.9% during the 4th quarter. Silver Oak Securities Incorporated now owns 309,715 shares of the company’s stock worth $13,919,000 after purchasing an additional 180,077 shares during the last quarter. Private Wealth Management Group LLC bought a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $127,000. Finally, Insight Advisors LLC PA grew its stake in Fidelity Total Bond ETF by 28.8% in the fourth quarter. Insight Advisors LLC PA now owns 19,479 shares of the company’s stock valued at $875,000 after purchasing an additional 4,360 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.19 on Monday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The company has a market capitalization of $9.02 billion, a PE ratio of 8.85 and a beta of 0.19. The company has a 50-day simple moving average of $45.17 and a two-hundred day simple moving average of $45.82.

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.