McCarthy & Cox Buys Shares of 5,450 Fidelity Total Bond ETF (NYSEARCA:FBND)

McCarthy & Cox purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,450 shares of the company’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FBND. PNC Financial Services Group Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at $25,000. NBC Securities Inc. acquired a new position in Fidelity Total Bond ETF in the 1st quarter valued at about $28,000. Lindbrook Capital LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at about $32,000. Tucker Asset Management LLC purchased a new position in Fidelity Total Bond ETF in the 4th quarter valued at about $36,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth about $59,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.01 on Monday. The company has a 50-day simple moving average of $45.18 and a 200-day simple moving average of $45.29. The company has a market cap of $18.22 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $47.30.

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.