Fidelity Total Bond ETF $FBND Position Increased by Scott Capital Advisors LLC

Scott Capital Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 674.8% in the third quarter, HoldingsChannel.com reports. The fund owned 306,241 shares of the company’s stock after purchasing an additional 266,714 shares during the period. Fidelity Total Bond ETF accounts for about 3.2% of Scott Capital Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Scott Capital Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $14,185,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $27,000. Caldwell Trust Co bought a new position in Fidelity Total Bond ETF in the second quarter valued at $34,000. Brown Lisle Cummings Inc. bought a new position in Fidelity Total Bond ETF in the second quarter valued at $38,000. Darwin Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF during the second quarter valued at about $49,000. Finally, Creekmur Asset Management LLC bought a new stake in Fidelity Total Bond ETF during the second quarter worth about $86,000.

Fidelity Total Bond ETF Trading Up 0.3%

FBND opened at $46.40 on Friday. The stock has a market capitalization of $22.17 billion, a P/E ratio of 8.94 and a beta of 0.28. The stock has a 50-day moving average price of $46.41 and a 200-day moving average price of $46.08. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86.

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.