Mayfair Advisory Group LLC Has $7.48 Million Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Mayfair Advisory Group LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 40.7% in the first quarter, HoldingsChannel reports. The fund owned 164,967 shares of the company’s stock after acquiring an additional 47,719 shares during the period. Fidelity Total Bond ETF makes up approximately 5.4% of Mayfair Advisory Group LLC’s holdings, making the stock its 5th largest holding. Mayfair Advisory Group LLC’s holdings in Fidelity Total Bond ETF were worth $7,475,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Financial Management Professionals Inc. purchased a new position in Fidelity Total Bond ETF in the 4th quarter worth approximately $25,000. Pineridge Advisors LLC purchased a new position in Fidelity Total Bond ETF in the 4th quarter worth approximately $46,000. PNC Financial Services Group Inc. purchased a new position in Fidelity Total Bond ETF in the 4th quarter worth approximately $58,000. Sound Income Strategies LLC purchased a new position in Fidelity Total Bond ETF in the 4th quarter worth approximately $74,000. Finally, Private Trust Co. NA lifted its holdings in Fidelity Total Bond ETF by 51.2% in the 4th quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock worth $74,000 after purchasing an additional 547 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.5 %

NYSEARCA FBND traded down $0.21 during trading hours on Friday, reaching $44.93. The company’s stock had a trading volume of 1,122,481 shares, compared to its average volume of 1,244,409. The firm’s 50-day moving average price is $44.87 and its 200-day moving average price is $45.18. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.21. The company has a market capitalization of $8.97 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.