Milestone Investment Advisors LLC Buys 13,144 Shares of Fidelity Total Bond ETF $FBND

Milestone Investment Advisors LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 275,916 shares of the company’s stock after purchasing an additional 13,144 shares during the quarter. Fidelity Total Bond ETF comprises about 3.1% of Milestone Investment Advisors LLC’s holdings, making the stock its 7th largest holding. Milestone Investment Advisors LLC owned 0.05% of Fidelity Total Bond ETF worth $12,703,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in FBND. JPMorgan Chase & Co. increased its stake in shares of Fidelity Total Bond ETF by 25.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after acquiring an additional 2,374,913 shares during the last quarter. Endeavor Private Wealth Inc. boosted its position in shares of Fidelity Total Bond ETF by 26.9% during the 4th quarter. Endeavor Private Wealth Inc. now owns 9,429 shares of the company’s stock valued at $437,000 after acquiring an additional 1,997 shares during the last quarter. Greykasell Wealth Strategies Inc. boosted its position in shares of Fidelity Total Bond ETF by 4.1% during the 4th quarter. Greykasell Wealth Strategies Inc. now owns 174,815 shares of the company’s stock valued at $8,048,000 after acquiring an additional 6,909 shares during the last quarter. LCW Services LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $370,000. Finally, MCF Advisors LLC increased its position in Fidelity Total Bond ETF by 43,508.2% during the fourth quarter. MCF Advisors LLC now owns 143,907 shares of the company’s stock worth $6,664,000 after purchasing an additional 143,577 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

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