242,177 Shares in Fidelity Total Bond ETF $FBND Bought by Baer Investment Advisory LLC

Baer Investment Advisory LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 242,177 shares of the company’s stock, valued at approximately $11,048,000. Fidelity Total Bond ETF accounts for 1.4% of Baer Investment Advisory LLC’s investment portfolio, making the stock its 16th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dupree Financial Group LLC boosted its holdings in shares of Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock worth $651,000 after buying an additional 219 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Fidelity Total Bond ETF by 0.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after acquiring an additional 220 shares during the period. Investment Advisory Group LLC lifted its position in shares of Fidelity Total Bond ETF by 0.4% during the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after acquiring an additional 303 shares during the period. Keystone Financial Group boosted its stake in Fidelity Total Bond ETF by 3.1% during the third quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock worth $477,000 after acquiring an additional 315 shares in the last quarter. Finally, Wealth Quarterback LLC boosted its stake in Fidelity Total Bond ETF by 4.7% during the fourth quarter. Wealth Quarterback LLC now owns 7,130 shares of the company’s stock worth $328,000 after acquiring an additional 317 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.47 on Friday. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock has a market capitalization of $26.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The firm has a fifty day simple moving average of $45.53 and a two-hundred day simple moving average of $45.90.

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.