McAdam LLC Invests $525,000 in Fidelity Total Bond ETF (NYSEARCA:FBND)

McAdam LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 11,699 shares of the company’s stock, valued at approximately $525,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Bank of Montreal Can lifted its position in Fidelity Total Bond ETF by 17.9% during the second quarter. Bank of Montreal Can now owns 9,217 shares of the company’s stock worth $419,000 after buying an additional 1,397 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth $646,000. Park Avenue Securities LLC boosted its position in shares of Fidelity Total Bond ETF by 11.6% during the 3rd quarter. Park Avenue Securities LLC now owns 16,852 shares of the company’s stock valued at $788,000 after acquiring an additional 1,754 shares during the last quarter. WealthBridge Capital Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 76.3% in the third quarter. WealthBridge Capital Management LLC now owns 14,720 shares of the company’s stock valued at $688,000 after purchasing an additional 6,370 shares during the period. Finally, Eagle Rock Investment Company LLC increased its position in Fidelity Total Bond ETF by 126.0% during the third quarter. Eagle Rock Investment Company LLC now owns 45,459 shares of the company’s stock worth $2,125,000 after purchasing an additional 25,346 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.04 on Monday. The company’s 50-day moving average is $45.23 and its two-hundred day moving average is $45.83. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.