Beam Wealth Advisors Inc. Acquires Shares of 12,591 Fidelity Total Bond ETF $FBND

Beam Wealth Advisors Inc. bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,591 shares of the company’s stock, valued at approximately $577,000.

A number of other institutional investors have also recently modified their holdings of the stock. Dupree Financial Group LLC raised its position in shares of Fidelity Total Bond ETF by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock worth $651,000 after purchasing an additional 219 shares during the last quarter. Quadrant Capital Group LLC grew its position in Fidelity Total Bond ETF by 0.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after purchasing an additional 220 shares during the last quarter. Investment Advisory Group LLC grew its position in Fidelity Total Bond ETF by 0.4% during the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after purchasing an additional 303 shares during the last quarter. Keystone Financial Group increased its stake in Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock valued at $477,000 after purchasing an additional 315 shares in the last quarter. Finally, Wealth Quarterback LLC increased its stake in Fidelity Total Bond ETF by 4.7% during the 4th quarter. Wealth Quarterback LLC now owns 7,130 shares of the company’s stock valued at $328,000 after purchasing an additional 317 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.22 on Thursday. The company has a 50-day simple moving average of $45.50 and a two-hundred day simple moving average of $45.88. The stock has a market capitalization of $26.49 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86.

About Fidelity Total Bond ETF

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.