IFP Advisors Inc Grows Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

IFP Advisors Inc increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 83,838 shares of the company’s stock after acquiring an additional 11,063 shares during the period. IFP Advisors Inc’s holdings in Fidelity Total Bond ETF were worth $3,762,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthcare Capital Management LLC lifted its holdings 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 acquiring an additional 231 shares during the last quarter. Dupree Financial Group LLC lifted its stake in Fidelity Total Bond ETF by 1.6% during the fourth quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock worth $677,000 after purchasing an additional 238 shares in the last quarter. Waterfront Wealth Inc. lifted its stake in Fidelity Total Bond ETF by 0.9% during the fourth quarter. Waterfront Wealth Inc. now owns 27,898 shares of the company’s stock worth $1,252,000 after purchasing an additional 242 shares in the last quarter. Peterson Wealth Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 0.8% during the third quarter. Peterson Wealth Advisors LLC now owns 31,396 shares of the company’s stock worth $1,467,000 after buying an additional 246 shares during the period. Finally, Tritonpoint Wealth LLC grew its stake in shares of Fidelity Total Bond ETF by 1.7% in the fourth quarter. Tritonpoint Wealth LLC now owns 18,718 shares of the company’s stock valued at $844,000 after buying an additional 311 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.1 %

FBND opened at $45.51 on Tuesday. The stock’s 50-day moving average price is $45.04 and its 200 day moving average price is $45.77. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The firm has a market cap of $9.08 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.