374,080 Shares in Fidelity Total Bond ETF (NYSEARCA:FBND) Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 374,080 shares of the company’s stock, valued at approximately $17,223,000. Fidelity Total Bond ETF makes up about 1.2% of TCG Advisory Services LLC’s portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vestmark Advisory Solutions Inc. boosted its stake in Fidelity Total Bond ETF by 175.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 147,521 shares of the company’s stock worth $6,792,000 after purchasing an additional 93,869 shares in the last quarter. Resolute Wealth Strategies LLC raised its holdings in Fidelity Total Bond ETF by 11.8% in the fourth quarter. Resolute Wealth Strategies LLC now owns 242,783 shares of the company’s stock worth $11,178,000 after buying an additional 25,582 shares during the last quarter. Legacy Financial Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $2,447,000. Power Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $17,075,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $123,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND traded up $0.24 during mid-day trading on Friday, reaching $44.64. The stock had a trading volume of 843,651 shares, compared to its average volume of 1,288,065. The company has a fifty day moving average price of $44.87 and a 200 day moving average price of $44.85. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.34. The stock has a market cap of $8.85 billion, a PE ratio of 8.76 and a beta of 0.15.

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.