Intelligence Driven Advisers LLC Takes Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Intelligence Driven Advisers LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,647 shares of the company’s stock, valued at approximately $350,000.

Other large investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its holdings in Fidelity Total Bond ETF by 0.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,952,360 shares of the company’s stock worth $85,045,000 after buying an additional 18,368 shares in the last quarter. Masso Torrence Wealth Management Inc. lifted its holdings in Fidelity Total Bond ETF by 1.9% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 102,636 shares of the company’s stock worth $4,725,000 after buying an additional 1,909 shares in the last quarter. Baker Avenue Asset Management LP lifted its holdings in Fidelity Total Bond ETF by 6.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 1,852,684 shares of the company’s stock worth $80,703,000 after buying an additional 105,723 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth $74,000. Finally, Opal Wealth Advisors LLC lifted its holdings in Fidelity Total Bond ETF by 4.1% during the 4th quarter. Opal Wealth Advisors LLC now owns 35,182 shares of the company’s stock worth $1,620,000 after buying an additional 1,372 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.5 %

NYSEARCA:FBND traded up $0.23 during trading hours on Thursday, hitting $44.38. 496,424 shares of the stock were exchanged, compared to its average volume of 1,289,192. The company’s 50 day moving average is $44.89 and its two-hundred day moving average is $44.83. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $46.34. The company has a market capitalization of $8.80 billion, a P/E ratio of 8.76 and a beta of 0.15.

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.