Steel Grove Capital Advisors LLC Acquires Shares of 26,988 Fidelity Total Bond ETF $FBND

Steel Grove Capital Advisors LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 26,988 shares of the company’s stock, valued at approximately $1,243,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FBND. Cerity Partners LLC increased its stake in shares of Fidelity Total Bond ETF by 400.5% during the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after purchasing an additional 32,071 shares during the period. Betterment LLC increased its stake in shares of Fidelity Total Bond ETF by 2.7% during the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after purchasing an additional 2,597 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF during the second quarter worth approximately $49,000. Graney & King LLC increased its stake in shares of Fidelity Total Bond ETF by 7.3% during the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after purchasing an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after purchasing an additional 1,924 shares during the period.

Fidelity Total Bond ETF Trading Up 0.3%

Shares of NYSEARCA FBND opened at $45.55 on Wednesday. The firm has a market cap of $25.52 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86. The business’s 50 day moving average is $45.67 and its 200-day moving average is $46.06.

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.