Arax Advisory Partners Purchases Shares of 307,959 Fidelity Total Bond ETF $FBND

Arax Advisory Partners purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, Holdings Channel reports. The fund purchased 307,959 shares of the company’s stock, valued at approximately $14,127,000.

Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $25,000. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $32,000. Clearstead Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at $36,000. Tucker Asset Management LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $37,000. Finally, Fifth Third Bancorp lifted its holdings in Fidelity Total Bond ETF by 78.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after purchasing an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.53 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The company has a market capitalization of $25.51 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock has a fifty day moving average of $45.62 and a 200-day moving average of $45.98.

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.