Ballast Financial Advisors LLC Takes $1.44 Million Position in Fidelity Total Bond ETF $FBND

Ballast Financial Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 31,264 shares of the company’s stock, valued at approximately $1,439,000. Fidelity Total Bond ETF comprises about 1.5% of Ballast Financial Advisors LLC’s holdings, making the stock its 17th biggest position.

A number of other hedge funds have also recently modified their holdings of the business. Align Financial LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $141,726,000. AQR Capital Management LLC grew its stake in shares of Fidelity Total Bond ETF by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 11,964 shares of the company’s stock valued at $551,000 after buying an additional 4,923 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Fidelity Total Bond ETF by 44.4% during the fourth quarter. Cetera Investment Advisers now owns 5,870,299 shares of the company’s stock valued at $270,269,000 after buying an additional 1,803,589 shares during the last quarter. Envision Financial Planning LLC grew its stake in shares of Fidelity Total Bond ETF by 370.2% during the fourth quarter. Envision Financial Planning LLC now owns 497,887 shares of the company’s stock valued at $22,923,000 after buying an additional 392,001 shares during the last quarter. Finally, Equitable Holdings Inc. grew its stake in shares of Fidelity Total Bond ETF by 25.2% during the fourth quarter. Equitable Holdings Inc. now owns 227,667 shares of the company’s stock valued at $10,482,000 after buying an additional 45,763 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.48 on Thursday. The stock has a market cap of $25.48 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The stock’s 50 day moving average price is $45.61 and its 200-day moving average price is $45.96. Fidelity Total Bond ETF has a one year low of $44.82 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.