IFG Advisory LLC Invests $320,000 in Fidelity Total Bond ETF (NYSEARCA:FBND)

IFG Advisory LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,123 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FBND. Capital CS Group LLC grew its position in shares of Fidelity Total Bond ETF by 5.1% during the 2nd quarter. Capital CS Group LLC now owns 6,027 shares of the company’s stock worth $271,000 after purchasing an additional 294 shares in the last quarter. Arkadios Wealth Advisors increased its stake in Fidelity Total Bond ETF by 5.5% during the 1st quarter. Arkadios Wealth Advisors now owns 6,244 shares of the company’s stock worth $283,000 after acquiring an additional 323 shares during the period. CGN Advisors LLC raised its holdings in Fidelity Total Bond ETF by 3.0% in the 1st quarter. CGN Advisors LLC now owns 11,462 shares of the company’s stock valued at $519,000 after acquiring an additional 336 shares in the last quarter. Capital Planning LLC raised its holdings in Fidelity Total Bond ETF by 0.9% in the 2nd quarter. Capital Planning LLC now owns 45,501 shares of the company’s stock valued at $2,053,000 after acquiring an additional 388 shares in the last quarter. Finally, FinTrust Capital Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 7.5% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,675 shares of the company’s stock valued at $257,000 after acquiring an additional 394 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $46.29 on Tuesday. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $46.85. The stock’s fifty day moving average is $45.81 and its 200 day moving average is $45.24. The stock has a market capitalization of $9.24 billion, a P/E 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.