Beto Financial Group LLC Acquires New Shares in Fidelity Total Bond ETF $FBND

Beto Financial Group LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, Holdings Channel.com reports. The firm acquired 104,324 shares of the company’s stock, valued at approximately $4,793,000. Fidelity Total Bond ETF makes up approximately 3.3% of Beto Financial Group LLC’s portfolio, making the stock its 7th biggest position.

A number of other hedge funds have also bought and sold shares of the business. Dupree Financial Group LLC grew its stake in Fidelity Total Bond ETF by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after buying an additional 219 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Fidelity Total Bond ETF by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after buying an additional 220 shares in the last quarter. RWA Wealth Partners LLC grew its stake in Fidelity Total Bond ETF by 2.6% in the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after buying an additional 241 shares in the last quarter. Capital CS Group LLC grew its stake in Fidelity Total Bond ETF by 4.8% in the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after buying an additional 286 shares in the last quarter. Finally, Investment Advisory Group LLC grew its stake in Fidelity Total Bond ETF by 0.4% in the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after buying an additional 303 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

Fidelity Total Bond ETF stock opened at $45.49 on Tuesday. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86. The firm has a market capitalization of $25.49 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm has a 50 day simple moving average of $45.64 and a 200 day simple moving average of $46.04.

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.