Private Management Group Inc. Makes New Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Private Management Group Inc. bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,850 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. National Bank of Canada FI bought a new stake in Fidelity Total Bond ETF in the 4th quarter valued at about $229,000. Principal Securities Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at approximately $632,000. Envestnet Portfolio Solutions Inc. boosted 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 buying an additional 85,106 shares during the period. Avantax Advisory Services Inc. grew its stake in Fidelity Total Bond ETF by 40.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 334,353 shares of the company’s stock valued at $15,394,000 after buying an additional 95,672 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Fidelity Total Bond ETF by 222.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 85,095 shares of the company’s stock valued at $3,918,000 after acquiring an additional 58,703 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $46.90 on Tuesday. The company has a market cap of $9.36 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $47.03. The stock’s fifty day moving average price is $45.99 and its two-hundred day moving average price is $45.31.

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.