Brookstone Capital Management Purchases 58,757 Shares of Fidelity Total Bond ETF $FBND

Brookstone Capital Management grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 894,979 shares of the company’s stock after acquiring an additional 58,757 shares during the quarter. Brookstone Capital Management’s holdings in Fidelity Total Bond ETF were worth $40,713,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth about $25,000. GHP Investment Advisors Inc. purchased a new stake in Fidelity Total Bond ETF in the 1st quarter worth about $25,000. Community Financial Services Group LLC purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter worth about $32,000. Tucker Asset Management LLC bought a new stake in Fidelity Total Bond ETF in the fourth quarter worth about $37,000. Finally, Key Capital Management INC bought a new stake in Fidelity Total Bond ETF in the fourth quarter worth about $49,000.

Fidelity Total Bond ETF Stock Performance

FBND opened at $44.91 on Thursday. The stock has a market cap of $27.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The stock’s 50 day moving average price is $45.27 and its 200-day moving average price is $45.68. Fidelity Total Bond ETF has a one year low of $44.65 and a one year high of $46.86.

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.