Cornerstone Wealth Group LLC Purchases 4,900 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Cornerstone Wealth Group LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 47,789 shares of the company’s stock after purchasing an additional 4,900 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Fidelity Total Bond ETF were worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission.

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

Fidelity Total Bond ETF Trading Up 0.2 %

NYSEARCA FBND opened at $45.01 on Monday. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock’s 50 day moving average is $45.26 and its two-hundred day moving average is $45.84.

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.