Armor Investment Advisors LLC Makes New Investment in Fidelity Total Bond ETF $FBND

Armor Investment Advisors LLC bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, Holdings Channel reports. The firm bought 25,749 shares of the company’s stock, valued at approximately $1,185,000.

Other institutional investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter worth $32,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF during the third quarter worth $36,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth $37,000. First Command Advisory Services Inc. bought a new position in shares of Fidelity Total Bond ETF during the third quarter worth $47,000. Finally, Key Capital Management INC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth $49,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.22 on Monday. The company’s fifty day moving average is $45.78 and its 200-day moving average is $46.12. The stock has a market cap of $25.34 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $44.73 and a twelve month high of $46.86.

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.