Arax Advisory Partners Invests $14.13 Million in Fidelity Total Bond ETF $FBND

Arax Advisory Partners purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 307,959 shares of the company’s stock, valued at approximately $14,127,000. Arax Advisory Partners owned approximately 0.06% of Fidelity Total Bond ETF as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $25,000. Rialto Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $32,000. Clearstead Advisors LLC acquired a new position in Fidelity Total Bond ETF during the third quarter valued at approximately $36,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF in the fourth quarter valued at approximately $37,000. Finally, Fifth Third Bancorp grew its stake in Fidelity Total Bond ETF by 78.0% in the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after purchasing an additional 468 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

FBND stock opened at $45.53 on Friday. The business has a 50 day moving average price of $45.62 and a two-hundred day moving average price of $45.98. The company has a market cap of $25.51 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86.

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.