Armor Investment Advisors LLC Purchases 57,696 Shares of Fidelity Total Bond ETF $FBND

Armor Investment Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 224.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,445 shares of the company’s stock after purchasing an additional 57,696 shares during the quarter. Fidelity Total Bond ETF comprises about 1.4% of Armor Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Armor Investment Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $3,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Root Financial Partners LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter worth $25,000. GHP Investment Advisors Inc. bought a new stake in Fidelity Total Bond ETF during the first quarter valued at about $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $32,000. Tucker Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $37,000. Finally, Key Capital Management INC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $49,000.

Fidelity Total Bond ETF Stock Down 0.4%

Shares of FBND stock opened at $45.29 on Wednesday. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The firm has a market cap of $26.53 billion, a PE ratio of 8.94 and a beta of 0.27. The stock has a 50 day moving average of $45.51 and a 200-day moving average of $45.89.

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.