Cornell Pochily Investment Advisors Inc. Buys 2,937 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Cornell Pochily Investment Advisors Inc. raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,243 shares of the company’s stock after purchasing an additional 2,937 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $1,024,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FBND. Bank of Montreal Can grew its holdings in shares of Fidelity Total Bond ETF by 35.7% during the 1st quarter. Bank of Montreal Can now owns 5,289 shares of the company’s stock worth $263,000 after acquiring an additional 1,390 shares during the period. Cetera Investment Advisers boosted its stake in Fidelity Total Bond ETF by 13.7% during the 1st quarter. Cetera Investment Advisers now owns 8,750 shares of the company’s stock valued at $435,000 after purchasing an additional 1,051 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Fidelity Total Bond ETF by 16.4% during the 1st quarter. NewEdge Advisors LLC now owns 25,693 shares of the company’s stock valued at $1,279,000 after purchasing an additional 3,619 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its stake in Fidelity Total Bond ETF by 24.0% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 29,885 shares of the company’s stock valued at $1,487,000 after purchasing an additional 5,788 shares during the last quarter. Finally, Founders Financial Securities LLC purchased a new stake in Fidelity Total Bond ETF during the 1st quarter valued at $9,283,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND traded down $0.03 during midday trading on Thursday, hitting $45.32. 216,993 shares of the stock traded hands, compared to its average volume of 1,000,148. The firm has a 50-day moving average of $45.31 and a two-hundred day moving average of $44.70. The firm has a market capitalization of $4.35 billion, a P/E ratio of 12.64 and a beta of 0.17. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.53.

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.