Financial & Tax Architects LLC Invests $12.75 Million in Fidelity Total Bond ETF (NYSEARCA:FBND)

Financial & Tax Architects LLC 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 institutional investor bought 284,242 shares of the company’s stock, valued at approximately $12,754,000. Fidelity Total Bond ETF accounts for about 3.2% of Financial & Tax Architects LLC’s holdings, making the stock its 7th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FBND. Mather Group LLC. grew its position in shares of Fidelity Total Bond ETF by 4,145.0% in the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after buying an additional 3,461,472 shares during the period. Crane Advisory LLC purchased a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at about $50,363,000. Thrivent Financial for Lutherans grew its position in Fidelity Total Bond ETF by 85.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after purchasing an additional 992,739 shares during the last quarter. McKinley Carter Wealth Services Inc. grew its position in Fidelity Total Bond ETF by 256.5% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock valued at $63,354,000 after purchasing an additional 975,262 shares during the last quarter. Finally, Fermata Advisors LLC grew its position in Fidelity Total Bond ETF by 771.5% during the 3rd quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock valued at $48,921,000 after purchasing an additional 926,557 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock traded down $0.01 during trading on Friday, hitting $44.92. 1,504,931 shares of the stock traded hands, compared to its average volume of 2,062,621. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The firm’s 50 day moving average is $45.30 and its two-hundred day moving average is $45.84. The stock has a market cap of $8.96 billion, a price-to-earnings 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.