Watchman Group Inc. Grows Stake in Fidelity Total Bond ETF $FBND

Watchman Group Inc. increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 411,541 shares of the company’s stock after acquiring an additional 41,798 shares during the period. Fidelity Total Bond ETF accounts for about 4.5% of Watchman Group Inc.’s holdings, making the stock its 7th biggest holding. Watchman Group Inc.’s holdings in Fidelity Total Bond ETF were worth $18,947,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dupree Financial Group LLC grew its position in shares of Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after purchasing an additional 219 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Fidelity Total Bond ETF by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after purchasing an additional 220 shares during the last quarter. RWA Wealth Partners LLC grew its position in shares of Fidelity Total Bond ETF by 2.6% in the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after purchasing an additional 241 shares during the last quarter. Capital CS Group LLC grew its position in shares of Fidelity Total Bond ETF by 4.8% in the third quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after purchasing an additional 286 shares during the last quarter. Finally, Investment Advisory Group LLC grew its position in shares of Fidelity Total Bond ETF by 0.4% in the fourth quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after purchasing an additional 303 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

Fidelity Total Bond ETF stock opened at $45.19 on Tuesday. Fidelity Total Bond ETF has a 12 month low of $44.73 and a 12 month high of $46.86. The stock’s 50 day moving average is $45.76 and its 200-day moving average is $46.10. The company has a market capitalization of $25.32 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.