PFG Advisors Acquires 40,889 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

PFG Advisors grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 21.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 234,979 shares of the company’s stock after purchasing an additional 40,889 shares during the period. PFG Advisors owned approximately 0.12% of Fidelity Total Bond ETF worth $10,983,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Transcendent Capital Group LLC acquired a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $32,000. Centerpoint Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF during the first quarter valued at about $37,000. Strategic Financial Concepts LLC acquired a new position in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $49,000. Bell Investment Advisors Inc bought a new position in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $55,000. Finally, PNC Financial Services Group Inc. bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $58,000.

Fidelity Total Bond ETF Price Performance

FBND opened at $46.24 on Wednesday. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week high of $47.30. The company’s 50 day moving average price is $46.59 and its two-hundred day moving average price is $45.57. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.