HighTower Advisors LLC Buys 56,761 Shares of Fidelity Total Bond ETF $FBND

HighTower Advisors LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,890,734 shares of the company’s stock after purchasing an additional 56,761 shares during the quarter. HighTower Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $87,049,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FBND. Rialto Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the fourth quarter valued at approximately $32,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $36,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $37,000. First Command Advisory Services Inc. bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $47,000. Finally, Fifth Third Bancorp boosted its stake in shares of Fidelity Total Bond ETF by 78.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after acquiring an additional 468 shares during the period.

Fidelity Total Bond ETF Trading Down 0.3%

Shares of NYSEARCA FBND opened at $45.04 on Wednesday. Fidelity Total Bond ETF has a 12 month low of $44.73 and a 12 month high of $46.86. The stock has a 50 day moving average of $45.73 and a 200-day moving average of $46.09. The company has a market capitalization of $25.24 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.