Clarity Wealth Advisors LLC Buys 21,963 Shares of Fidelity Total Bond ETF $FBND

Clarity Wealth Advisors LLC grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 235,822 shares of the company’s stock after purchasing an additional 21,963 shares during the quarter. Fidelity Total Bond ETF comprises approximately 2.2% of Clarity Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest position. Clarity Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $10,758,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Root Financial Partners LLC bought a new position in Fidelity Total Bond ETF in the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the 1st quarter worth approximately $25,000. Rialto Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter worth about $32,000. Tucker Asset Management LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $37,000. Finally, Key Capital Management INC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at about $49,000.

Fidelity Total Bond ETF Stock Up 0.2%

Shares of NYSEARCA FBND opened at $45.47 on Friday. The stock’s 50-day simple moving average is $45.54 and its two-hundred day simple moving average is $45.90. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The firm has a market capitalization of $26.56 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.