Fortitude Advisory Group L.L.C. Increases Position in Fidelity Total Bond ETF $FBND

Fortitude Advisory Group L.L.C. raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.0% during the second quarter, Holdings Channel reports. The firm owned 9,588 shares of the company’s stock after buying an additional 631 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Fidelity Total Bond ETF were worth $439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Pacific Financial purchased a new stake in shares of Fidelity Total Bond ETF during the first quarter worth $25,000. Fifth Third Bancorp purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter worth $27,000. NBC Securities Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the first quarter worth $28,000. Tsfg LLC purchased a new stake in shares of Fidelity Total Bond ETF during the first quarter worth $29,000. Finally, Sound Income Strategies LLC increased its position in shares of Fidelity Total Bond ETF by 63.1% during the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after acquiring an additional 306 shares during the period.

Fidelity Total Bond ETF Trading Down 0.2%

Fidelity Total Bond ETF stock opened at $46.33 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.75. The stock’s fifty day simple moving average is $46.08 and its 200-day simple moving average is $45.60. The firm has a market capitalization of $21.17 billion, a P/E ratio of 8.94 and a beta of 0.17.

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.