Investment Advisory Services Group LLC Grows Position in Fidelity Total Bond ETF $FBND

Investment Advisory Services Group LLC lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,066 shares of the company’s stock after buying an additional 22,048 shares during the quarter. Fidelity Total Bond ETF comprises approximately 17.7% of Investment Advisory Services Group LLC’s holdings, making the stock its 2nd largest position. Investment Advisory Services Group LLC’s holdings in Fidelity Total Bond ETF were worth $20,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Fidelity Total Bond ETF by 400.5% during the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after acquiring an additional 32,071 shares during the period. Betterment LLC boosted its stake in Fidelity Total Bond ETF by 2.7% during the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after purchasing an additional 2,597 shares during the period. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $49,000. Graney & King LLC increased its position in Fidelity Total Bond ETF by 7.3% in the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after buying an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after buying an additional 1,924 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND traded down $0.08 during mid-day trading on Tuesday, hitting $45.38. The company’s stock had a trading volume of 399,102 shares, compared to its average volume of 2,787,775. The stock’s 50-day moving average is $45.52 and its two-hundred day moving average is $45.89. The firm has a market capitalization of $26.58 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86.

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.