Touchstone Capital Inc. Makes New Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Touchstone Capital Inc. bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 33,873 shares of the company’s stock, valued at approximately $1,560,000. Fidelity Total Bond ETF comprises 1.5% of Touchstone Capital Inc.’s holdings, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBND. Financial Management Professionals Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $25,000. NBC Securities Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the third quarter worth about $27,000. Activest Wealth Management acquired a new stake in shares of Fidelity Total Bond ETF during the third quarter worth about $44,000. Money Concepts Capital Corp acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $46,000. Finally, Retirement Group LLC acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter worth about $50,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $45.31 on Friday. The firm has a market cap of $4.35 billion, a P/E ratio of 12.64 and a beta of 0.17. The stock’s 50-day moving average is $45.31 and its 200-day moving average is $44.70. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.53.

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.