Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Bought by Accelerate Investment Advisors LLC

Accelerate Investment Advisors LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,516 shares of the company’s stock after purchasing an additional 4,123 shares during the period. Fidelity Total Bond ETF makes up 5.1% of Accelerate Investment Advisors LLC’s holdings, making the stock its 4th largest position. Accelerate Investment Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $6,095,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $25,000. NBC Securities Inc. purchased a new position in Fidelity Total Bond ETF during the 1st quarter worth approximately $28,000. Lindbrook Capital LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter valued at approximately $32,000. Sound Income Strategies LLC lifted its stake in Fidelity Total Bond ETF by 63.1% during the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after acquiring an additional 306 shares during the period. Finally, Tucker Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at $36,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.36 on Wednesday. The company’s fifty day moving average price is $45.16 and its 200-day moving average price is $45.27. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $47.30. The firm has a market capitalization of $18.71 billion, a P/E ratio of 8.94 and a beta of 0.26.

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.