McKinley Carter Wealth Services Inc. Raises Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

McKinley Carter Wealth Services Inc. grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,550,144 shares of the company’s stock after acquiring an additional 194,687 shares during the period. Fidelity Total Bond ETF accounts for 4.3% of McKinley Carter Wealth Services Inc.’s portfolio, making the stock its 4th largest holding. McKinley Carter Wealth Services Inc. owned about 0.78% of Fidelity Total Bond ETF worth $69,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Gateway Wealth Partners LLC lifted its position in Fidelity Total Bond ETF by 16.9% during the 4th quarter. Gateway Wealth Partners LLC now owns 14,631 shares of the company’s stock worth $657,000 after buying an additional 2,116 shares in the last quarter. Barry Investment Advisors LLC raised its stake in shares of Fidelity Total Bond ETF by 31.3% in the fourth quarter. Barry Investment Advisors LLC now owns 54,115 shares of the company’s stock worth $2,441,000 after acquiring an additional 12,889 shares during the last quarter. Williams & Novak LLC lifted its position in shares of Fidelity Total Bond ETF by 27.4% during the fourth quarter. Williams & Novak LLC now owns 247,973 shares of the company’s stock worth $11,127,000 after purchasing an additional 53,375 shares in the last quarter. Southern Style Financial Inc. acquired a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $15,820,000. Finally, RCS Financial Planning LLC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $12,844,000.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.19 on Wednesday. The firm has a 50 day simple moving average of $45.25 and a 200 day simple moving average of $45.85. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The firm has a market cap of $9.02 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.