Dickmeyer Boyce Financial Management Inc. Buys Shares of 241,396 Fidelity Total Bond ETF $FBND

Dickmeyer Boyce Financial Management Inc. bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 241,396 shares of the company’s stock, valued at approximately $11,012,000. Fidelity Total Bond ETF comprises about 6.5% of Dickmeyer Boyce Financial Management Inc.’s investment portfolio, making the stock its largest position.

Several other large investors also recently made changes to their positions in the company. Lido Advisors LLC acquired a new position in Fidelity Total Bond ETF in the first quarter worth approximately $1,996,000. Cetera Investment Advisers lifted its position in shares of Fidelity Total Bond ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after acquiring an additional 930,834 shares during the last quarter. Wealthspire Retirement LLC lifted its position in shares of Fidelity Total Bond ETF by 5.3% during the 1st quarter. Wealthspire Retirement LLC now owns 677,767 shares of the company’s stock valued at $30,920,000 after acquiring an additional 33,895 shares during the last quarter. Signature Equity Partners LLC boosted its stake in shares of Fidelity Total Bond ETF by 5.4% during the 1st quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock worth $216,000 after acquiring an additional 244 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its stake in shares of Fidelity Total Bond ETF by 92.3% during the 1st quarter. NewEdge Wealth LLC now owns 261,847 shares of the company’s stock worth $11,945,000 after acquiring an additional 125,646 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.2%

Shares of NYSEARCA FBND opened at $44.93 on Friday. The stock’s fifty day simple moving average is $45.40 and its 200 day simple moving average is $45.79. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week 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.