Masso Torrence Wealth Management Inc. Has $4.73 Million Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Masso Torrence Wealth Management Inc. boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,636 shares of the company’s stock after buying an additional 1,909 shares during the quarter. Fidelity Total Bond ETF makes up about 3.2% of Masso Torrence Wealth Management Inc.’s investment portfolio, making the stock its 10th largest position. Masso Torrence Wealth Management Inc. owned 0.11% of Fidelity Total Bond ETF worth $4,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of FBND. Financial Management Professionals Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $25,000. NBC Securities Inc. bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at $27,000. Sound Income Strategies LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at $74,000. Private Trust Co. NA boosted its stake in Fidelity Total Bond ETF by 51.2% in the fourth quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock worth $74,000 after purchasing an additional 547 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Fidelity Total Bond ETF by 15.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,720 shares of the company’s stock worth $79,000 after purchasing an additional 228 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.4 %

Shares of Fidelity Total Bond ETF stock traded down $0.18 during trading on Wednesday, reaching $44.23. The company’s stock had a trading volume of 532,736 shares, compared to its average volume of 1,299,494. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.38. The stock has a 50-day moving average price of $45.01 and a two-hundred day moving average price of $44.81. The stock has a market capitalization of $8.77 billion, a P/E ratio of 8.76 and a beta of 0.15.

Fidelity Total Bond ETF Profile

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.