Scott Capital Advisors LLC Buys 329,744 Shares of Fidelity Total Bond ETF $FBND

Scott Capital Advisors LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 83.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 722,949 shares of the company’s stock after purchasing an additional 329,744 shares during the quarter. Fidelity Total Bond ETF makes up approximately 5.2% of Scott Capital Advisors LLC’s portfolio, making the stock its 9th largest holding. Scott Capital Advisors LLC owned 0.12% of Fidelity Total Bond ETF worth $32,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Dupree Financial Group LLC grew its stake in Fidelity Total Bond ETF by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after buying an additional 219 shares during the last quarter. Signature Equity Partners LLC lifted its position in Fidelity Total Bond ETF by 5.4% during the 1st quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock worth $216,000 after acquiring an additional 244 shares during the last quarter. Insight Advisors LLC PA lifted its position in Fidelity Total Bond ETF by 1.6% during the 1st quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock worth $821,000 after acquiring an additional 291 shares during the last quarter. Investment Advisory Group LLC lifted its position in Fidelity Total Bond ETF by 0.4% during the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock worth $3,277,000 after acquiring an additional 303 shares during the last quarter. Finally, Keystone Financial Group boosted its holdings in Fidelity Total Bond ETF by 3.1% during the third quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock valued at $477,000 after acquiring an additional 315 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $44.86 on Tuesday. The company has a market cap of $27.18 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock’s 50-day moving average is $45.30 and its 200-day moving average is $45.69. Fidelity Total Bond ETF has a 52-week low of $44.65 and a 52-week 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.