Ballast Financial Advisors LLC Purchases New Position in Fidelity Total Bond ETF $FBND

Ballast Financial Advisors LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 31,264 shares of the company’s stock, valued at approximately $1,439,000. Fidelity Total Bond ETF accounts for 1.5% of Ballast Financial Advisors LLC’s investment portfolio, making the stock its 17th largest position.

A number of other large investors have also recently modified their holdings of FBND. Cerity Partners LLC boosted its holdings in shares of Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after purchasing an additional 32,071 shares during the period. Betterment LLC boosted its holdings in shares of Fidelity Total Bond ETF by 2.7% in the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after purchasing an additional 2,597 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $49,000. Graney & King LLC boosted its holdings in shares of Fidelity Total Bond ETF by 7.3% in the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after purchasing an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after purchasing an additional 1,924 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.48 on Thursday. The firm has a market capitalization of $25.48 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The stock has a 50 day moving average price of $45.61 and a 200 day moving average price of $45.96. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86.

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.