Sard Wealth Management Group LLC Acquires 27,740 Shares of Fidelity Total Bond ETF $FBND

Sard Wealth Management Group LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 640,420 shares of the company’s stock after purchasing an additional 27,740 shares during the period. Fidelity Total Bond ETF makes up about 11.1% of Sard Wealth Management Group LLC’s investment portfolio, making the stock its 2nd biggest position. Sard Wealth Management Group LLC’s holdings in Fidelity Total Bond ETF were worth $27,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new position in Fidelity Total Bond ETF in the first quarter valued at approximately $25,000. Community Financial Services Group LLC bought a new position in Fidelity Total Bond ETF during the second quarter worth about $32,000. Maryland Capital Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $37,000. Manning & Napier Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF in the first quarter valued at approximately $53,000. Finally, Sound Income Strategies LLC boosted its stake in Fidelity Total Bond ETF by 180.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after purchasing an additional 847 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND traded down $0.01 during mid-day trading on Friday, hitting $43.82. 5,305,343 shares of the company’s stock were exchanged, compared to its average volume of 3,184,228. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86. The company has a market cap of $28.25 billion, a PE ratio of 8.94 and a beta of 0.28. The company has a 50-day simple moving average of $44.27 and a 200 day simple moving average of $45.05.

Fidelity Total Bond ETF Company 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.