Forthright Family Wealth Advisory LLC Makes New Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Forthright Family Wealth Advisory LLC bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 63,746 shares of the company’s stock, valued at approximately $2,935,000. Fidelity Total Bond ETF accounts for approximately 2.3% of Forthright Family Wealth Advisory LLC’s portfolio, making the stock its 12th largest holding.

A number of other large investors have also added to or reduced their stakes in FBND. Financial Management Professionals Inc. acquired a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at about $25,000. Sound Income Strategies LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter worth approximately $74,000. Private Trust Co. NA increased its holdings in Fidelity Total Bond ETF by 51.2% in the 4th quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock worth $74,000 after buying an additional 547 shares during the period. Geneos Wealth Management Inc. increased its holdings in Fidelity Total Bond ETF by 15.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,720 shares of the company’s stock worth $79,000 after buying an additional 228 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in Fidelity Total Bond ETF in the 4th quarter worth approximately $123,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND traded up $0.04 during midday trading on Friday, hitting $45.44. The company’s stock had a trading volume of 873,524 shares, compared to its average volume of 1,257,596. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week high of $46.21. The firm’s 50 day moving average is $44.69 and its 200-day moving average is $45.15. The firm has a market cap of $9.07 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.