Nations Financial Group Inc. IA ADV Acquires 6,166 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Nations Financial Group Inc. IA ADV lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 45.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,618 shares of the company’s stock after purchasing an additional 6,166 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Fidelity Total Bond ETF were worth $917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. tru Independence LLC increased its position in Fidelity Total Bond ETF by 15.5% in the 3rd quarter. tru Independence LLC now owns 248,375 shares of the company’s stock valued at $11,609,000 after acquiring an additional 33,392 shares in the last quarter. Bond & Devick Financial Network Inc. grew its stake in shares of Fidelity Total Bond ETF by 7.5% during the third quarter. Bond & Devick Financial Network Inc. now owns 15,124 shares of the company’s stock valued at $707,000 after purchasing an additional 1,057 shares during the last quarter. Riverpoint Wealth Management Holdings LLC increased its holdings in shares of Fidelity Total Bond ETF by 7.7% in the third quarter. Riverpoint Wealth Management Holdings LLC now owns 360,348 shares of the company’s stock valued at $16,843,000 after purchasing an additional 25,892 shares in the last quarter. Axxcess Wealth Management LLC raised its position in Fidelity Total Bond ETF by 2.1% in the 3rd quarter. Axxcess Wealth Management LLC now owns 47,420 shares of the company’s stock worth $2,216,000 after purchasing an additional 991 shares during the last quarter. Finally, Sigma Planning Corp lifted its holdings in Fidelity Total Bond ETF by 16.2% during the 3rd quarter. Sigma Planning Corp now owns 162,845 shares of the company’s stock worth $7,611,000 after buying an additional 22,667 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.35 on Wednesday. The stock has a market capitalization of $9.05 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52 week low of $43.34 and a 52 week high of $47.30. The stock has a fifty day moving average of $46.33 and a 200-day moving average of $45.73.

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.