Bright Financial Advisors Inc. Makes New $1.04 Million Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Bright Financial Advisors Inc. bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,228 shares of the company’s stock, valued at approximately $1,042,000. Fidelity Total Bond ETF accounts for about 0.7% of Bright Financial Advisors Inc.’s holdings, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealthcare Capital Management LLC grew its position in shares of Fidelity Total Bond ETF by 3.0% in the 4th quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock worth $356,000 after buying an additional 231 shares during the period. Dupree Financial Group LLC grew its position in Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock valued at $677,000 after purchasing an additional 238 shares during the last quarter. Peterson Wealth Advisors LLC grew its position in Fidelity Total Bond ETF by 0.8% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 31,396 shares of the company’s stock valued at $1,467,000 after purchasing an additional 246 shares during the last quarter. Regatta Capital Group LLC grew its position in Fidelity Total Bond ETF by 2.3% during the 3rd quarter. Regatta Capital Group LLC now owns 13,713 shares of the company’s stock valued at $641,000 after purchasing an additional 304 shares during the last quarter. Finally, Tritonpoint Wealth LLC grew its position in Fidelity Total Bond ETF by 1.7% during the 4th quarter. Tritonpoint Wealth LLC now owns 18,718 shares of the company’s stock valued at $844,000 after purchasing an additional 311 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.35 on Friday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The company’s 50-day moving average is $45.19 and its 200 day moving average is $45.82. The company has a market capitalization of $9.05 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.