GPS Wealth Strategies Group LLC Buys 1,312 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

GPS Wealth Strategies Group LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 240.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,857 shares of the company’s stock after acquiring an additional 1,312 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Fidelity Total Bond ETF were worth $85,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new position in Fidelity Total Bond ETF during the fourth quarter worth about $999,000. Capital & Planning LLC increased its holdings in Fidelity Total Bond ETF by 122.1% in the 4th quarter. Capital & Planning LLC now owns 67,562 shares of the company’s stock valued at $3,048,000 after buying an additional 37,149 shares during the period. Sunburst Financial Group LLC raised its holdings in shares of Fidelity Total Bond ETF by 13.4% during the 4th quarter. Sunburst Financial Group LLC now owns 986,466 shares of the company’s stock worth $44,263,000 after buying an additional 116,425 shares in the last quarter. Rooted Wealth Advisors Inc. lifted its stake in Fidelity Total Bond ETF by 11.5% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 176,048 shares of the company’s stock valued at $7,868,000 after purchasing an additional 18,137 shares during the last quarter. Finally, DeDora Capital Inc. raised its position in Fidelity Total Bond ETF by 0.6% in the fourth quarter. DeDora Capital Inc. now owns 406,343 shares of the company’s stock valued at $18,233,000 after purchasing an additional 2,243 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.31 on Friday. The company has a market capitalization of $18.69 billion, a P/E ratio of 8.94 and a beta of 0.26. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $47.30. The company has a fifty day moving average price of $45.15 and a 200-day moving average price of $45.28.

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.