Ashton Thomas Private Wealth LLC Makes New $817,000 Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 18,021 shares of the company’s stock, valued at approximately $817,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $11,176,000. Visionary Wealth Advisors grew its holdings in Fidelity Total Bond ETF by 5.2% during the fourth quarter. Visionary Wealth Advisors now owns 86,217 shares of the company’s stock valued at $3,969,000 after purchasing an additional 4,258 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Fidelity Total Bond ETF by 620.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 98,823 shares of the company’s stock worth $4,550,000 after acquiring an additional 85,106 shares in the last quarter. Masso Torrence Wealth Management Inc. raised its position in shares of Fidelity Total Bond ETF by 1.9% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 102,636 shares of the company’s stock valued at $4,725,000 after purchasing an additional 1,909 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. lifted its position in shares of Fidelity Total Bond ETF by 358.1% in the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 387,205 shares of the company’s stock valued at $17,827,000 after acquiring an additional 302,672 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock traded up $0.14 during trading on Friday, reaching $45.24. 949,155 shares of the stock traded hands, compared to its average volume of 1,237,069. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52-week low of $42.45 and a 52-week high of $46.21. The business has a fifty day simple moving average of $44.92 and a two-hundred day simple moving average of $45.16.

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.