Milestone Investment Advisors LLC Takes Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Milestone Investment Advisors LLC bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 3rd quarter, Holdings Channel.com reports. The firm bought 9,852 shares of the company’s stock, valued at approximately $460,000.

Other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $30,000. Transcendent Capital Group LLC purchased a new position in Fidelity Total Bond ETF during the second quarter valued at $32,000. Highline Wealth Partners LLC bought a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at $47,000. Bell Investment Advisors Inc purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter worth $55,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 2,468.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,618 shares of the company’s stock valued at $73,000 after purchasing an additional 1,555 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.2 %

Shares of Fidelity Total Bond ETF stock opened at $45.61 on Wednesday. Fidelity Total Bond ETF has a twelve month low of $43.34 and a twelve month high of $47.30. The business has a 50-day moving average price of $46.40 and a 200-day moving average price of $45.69. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.