Mather Group LLC. Buys 55,497 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Mather Group LLC. increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 228.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,803 shares of the company’s stock after purchasing an additional 55,497 shares during the quarter. Mather Group LLC. owned approximately 0.08% of Fidelity Total Bond ETF worth $3,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FBND. Financial Management Professionals Inc. bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $25,000. NBC Securities Inc. acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth about $27,000. Sound Income Strategies LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth about $74,000. Private Trust Co. NA grew its position in shares of Fidelity Total Bond ETF by 51.2% in the 4th quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock valued at $74,000 after buying an additional 547 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Fidelity Total Bond ETF by 15.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,720 shares of the company’s stock valued at $79,000 after buying an additional 228 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $44.23 on Tuesday. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $46.34. The firm’s fifty day moving average is $44.93 and its 200-day moving average is $44.83. The firm has a market cap of $8.77 billion, a P/E ratio of 8.76 and a beta of 0.15.

Fidelity Total Bond ETF Company 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.