Maryland Capital Advisors Inc. Buys New Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Maryland Capital Advisors Inc. bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, HoldingsChannel.com reports. The fund bought 11,776 shares of the company’s stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FBND. Mark Sheptoff Financial Planning LLC acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $30,000. Highline Wealth Partners LLC bought a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $87,000.

Fidelity Total Bond ETF Stock Up 0.4 %

FBND stock opened at $45.32 on Friday. The business has a 50 day moving average price of $45.10 and a two-hundred day moving average price of $45.81. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30.

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.