McAdam LLC Makes New Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

McAdam LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,699 shares of the company’s stock, valued at approximately $525,000.

Several other large investors have also made changes to their positions in FBND. Wealthcare Capital Management LLC boosted its holdings in Fidelity Total Bond ETF by 3.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock worth $356,000 after buying an additional 231 shares in the last quarter. Peterson Wealth Advisors LLC raised its holdings in Fidelity Total Bond ETF by 0.8% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 31,396 shares of the company’s stock worth $1,467,000 after purchasing an additional 246 shares during the period. Regatta Capital Group LLC boosted its position in Fidelity Total Bond ETF by 2.3% during the third quarter. Regatta Capital Group LLC now owns 13,713 shares of the company’s stock worth $641,000 after purchasing an additional 304 shares in the last quarter. Tritonpoint Wealth LLC grew its holdings in Fidelity Total Bond ETF by 1.7% in the fourth quarter. Tritonpoint Wealth LLC now owns 18,718 shares of the company’s stock valued at $844,000 after purchasing an additional 311 shares during the period. Finally, Galvin Gaustad & Stein LLC increased its position in shares of Fidelity Total Bond ETF by 0.8% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 48,479 shares of the company’s stock valued at $2,175,000 after buying an additional 386 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.04 on Monday. The stock has a 50 day simple moving average of $45.23 and a 200-day simple moving average of $45.83. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

Fidelity Total Bond ETF 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.