World Investment Advisors Purchases 18,030 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

World Investment Advisors raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,023 shares of the company’s stock after purchasing an additional 18,030 shares during the quarter. World Investment Advisors owned approximately 0.06% of Fidelity Total Bond ETF worth $11,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Element Wealth LLC bought a new position in Fidelity Total Bond ETF in the first quarter valued at about $482,000. Baker Boyer National Bank grew its position in Fidelity Total Bond ETF by 5.2% in the first quarter. Baker Boyer National Bank now owns 409,123 shares of the company’s stock valued at $18,676,000 after acquiring an additional 20,205 shares during the last quarter. Silver Oak Securities Incorporated grew its position in Fidelity Total Bond ETF by 5.0% in the first quarter. Silver Oak Securities Incorporated now owns 325,355 shares of the company’s stock valued at $14,804,000 after acquiring an additional 15,640 shares during the last quarter. Mutual Advisors LLC grew its position in Fidelity Total Bond ETF by 289.3% in the first quarter. Mutual Advisors LLC now owns 152,399 shares of the company’s stock valued at $6,933,000 after acquiring an additional 113,249 shares during the last quarter. Finally, Milestone Investment Advisors LLC grew its position in Fidelity Total Bond ETF by 5.9% in the first quarter. Milestone Investment Advisors LLC now owns 239,302 shares of the company’s stock valued at $10,924,000 after acquiring an additional 13,365 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.2%

NYSEARCA:FBND opened at $45.63 on Friday. The stock has a market cap of $19.24 billion, a P/E ratio of 8.94 and a beta of 0.17. The stock’s 50-day moving average is $45.31 and its 200-day moving average is $45.26. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $47.30.

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.