Buttonwood Financial Advisors Inc. Acquires New Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Buttonwood Financial Advisors Inc. purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,660 shares of the company’s stock, valued at approximately $848,000.

A number of other institutional investors also recently modified their holdings of the business. Bank of America Corp DE raised its holdings in Fidelity Total Bond ETF by 316.7% in the 1st quarter. Bank of America Corp DE now owns 3,081,245 shares of the company’s stock valued at $141,737,000 after buying an additional 2,341,860 shares during the last quarter. RFG Advisory LLC raised its position in shares of Fidelity Total Bond ETF by 9,488.3% during the fourth quarter. RFG Advisory LLC now owns 2,165,992 shares of the company’s stock worth $100,589,000 after acquiring an additional 2,143,402 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Fidelity Total Bond ETF by 889.0% in the fourth quarter. Baird Financial Group Inc. now owns 1,257,431 shares of the company’s stock valued at $56,610,000 after acquiring an additional 1,130,285 shares during the last quarter. Country Trust Bank increased its position in Fidelity Total Bond ETF by 15.5% during the 1st quarter. Country Trust Bank now owns 4,778,355 shares of the company’s stock valued at $219,804,000 after purchasing an additional 640,560 shares during the period. Finally, Kowal Investment Group LLC raised its holdings in Fidelity Total Bond ETF by 39.2% during the 1st quarter. Kowal Investment Group LLC now owns 1,835,363 shares of the company’s stock worth $84,427,000 after purchasing an additional 516,445 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND traded down $0.08 during trading on Friday, reaching $44.38. The stock had a trading volume of 630,206 shares, compared to its average volume of 682,650. Fidelity Total Bond ETF has a 52 week low of $43.25 and a 52 week high of $46.96. The firm’s fifty day moving average is $44.85 and its 200 day moving average is $45.38. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 12.64 and a beta of 0.17.

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.