12,591 Shares in Fidelity Total Bond ETF $FBND Purchased by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,591 shares of the company’s stock, valued at approximately $577,000.

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

Fidelity Total Bond ETF Stock Down 0.2%

NYSEARCA FBND opened at $45.22 on Thursday. The stock’s 50-day simple moving average is $45.50 and its two-hundred day simple moving average is $45.88. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The company has a market capitalization of $26.49 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.