Spectrum Investment Advisors Inc. Takes $4.14 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Spectrum Investment Advisors Inc. bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 92,356 shares of the company’s stock, valued at approximately $4,144,000. Fidelity Total Bond ETF accounts for about 2.8% of Spectrum Investment Advisors Inc.’s investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Wealthcare Capital Management LLC increased its position in Fidelity Total Bond ETF by 3.0% in 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. Dupree Financial Group LLC grew its stake in shares of Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock valued at $677,000 after acquiring an additional 238 shares during the period. Peterson Wealth Advisors LLC increased 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 acquiring an additional 246 shares in the last quarter. Regatta Capital Group LLC raised its stake in Fidelity Total Bond ETF by 2.3% during the 3rd quarter. Regatta Capital Group LLC now owns 13,713 shares of the company’s stock worth $641,000 after acquiring an additional 304 shares during the period. Finally, Tritonpoint Wealth LLC lifted its holdings in Fidelity Total Bond ETF by 1.7% during 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 in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.19 on Friday. The stock has a market cap of $9.02 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The firm has a fifty day moving average price of $45.19 and a 200-day moving average price of $45.82.

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.