JT Stratford LLC Acquires New Shares in Fidelity Total Bond ETF (NYSEARCA:FBND)

JT Stratford LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, Holdings Channel reports. The fund purchased 4,827 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after purchasing an additional 520,113 shares during the period. Tallon Kerry Patrick purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $999,000. Capital & Planning LLC grew its stake in Fidelity Total Bond ETF by 122.1% in the fourth quarter. Capital & Planning LLC now owns 67,562 shares of the company’s stock valued at $3,048,000 after purchasing an additional 37,149 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Fidelity Total Bond ETF by 15.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 130,516 shares of the company’s stock worth $5,856,000 after acquiring an additional 17,609 shares in the last quarter. Finally, Mutual Advisors LLC boosted its stake in shares of Fidelity Total Bond ETF by 15.2% during the 4th quarter. Mutual Advisors LLC now owns 39,150 shares of the company’s stock worth $1,759,000 after acquiring an additional 5,173 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.2%

Shares of NYSEARCA:FBND opened at $44.98 on Friday. The business has a 50 day moving average price of $45.28 and a 200 day moving average price of $45.31. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $47.30. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.