Scarborough Advisors LLC Makes New $110,000 Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Scarborough Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,379 shares of the company’s stock, valued at approximately $110,000.

Several other large investors also recently modified their holdings of FBND. JPMorgan Chase & Co. boosted its position in Fidelity Total Bond ETF by 2,874.0% during the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock worth $130,996,000 after purchasing an additional 2,906,069 shares during the period. FMR LLC boosted its holdings in Fidelity Total Bond ETF by 26,366.0% in the 3rd quarter. FMR LLC now owns 2,086,842 shares of the company’s stock worth $90,903,000 after buying an additional 2,078,957 shares during the period. Harbor Group Inc. grew its stake in Fidelity Total Bond ETF by 9,428.8% in the 4th quarter. Harbor Group Inc. now owns 756,489 shares of the company’s stock valued at $34,829,000 after buying an additional 748,550 shares in the last quarter. Sherrill & Hutchins Financial Advisory Inc bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $33,506,000. Finally, Commonwealth Equity Services LLC raised its holdings in Fidelity Total Bond ETF by 83.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,536,701 shares of the company’s stock valued at $70,750,000 after acquiring an additional 697,993 shares during the period.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.29 on Tuesday. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.21. The firm has a market capitalization of $9.04 billion, a P/E ratio of 8.85 and a beta of 0.19. The business has a fifty day moving average price of $44.70 and a 200-day moving average price of $45.16.

Fidelity Total Bond ETF Company 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.