MCF Advisors LLC Raises Position in Fidelity Total Bond ETF $FBND

MCF Advisors LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 43,508.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,907 shares of the company’s stock after purchasing an additional 143,577 shares during the quarter. MCF Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $6,664,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in Fidelity Total Bond ETF in the 4th quarter worth $25,000. Rialto Wealth Management LLC purchased a new position in Fidelity Total Bond ETF in the 4th quarter worth $32,000. Clearstead Advisors LLC purchased a new position in Fidelity Total Bond ETF in the 3rd quarter worth $36,000. Tucker Asset Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $37,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the second quarter valued at about $49,000.

Fidelity Total Bond ETF Trading Down 0.4%

FBND stock opened at $45.29 on Friday. The firm’s 50-day moving average price is $45.63 and its two-hundred day moving average price is $46.01. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The stock has a market capitalization of $25.38 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.