Southern Style Financial Inc. Acquires Shares of 352,577 Fidelity Total Bond ETF (NYSEARCA:FBND)

Southern Style Financial Inc. bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 352,577 shares of the company’s stock, valued at approximately $15,820,000. Fidelity Total Bond ETF comprises about 12.8% of Southern Style Financial Inc.’s portfolio, making the stock its 3rd largest holding.

Other institutional investors have also modified their holdings of the company. Rockefeller Capital Management L.P. increased its holdings in shares of Fidelity Total Bond ETF by 3.1% in the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock valued at $1,869,000 after purchasing an additional 1,188 shares during the period. Marshall Financial Group LLC purchased a new position in Fidelity Total Bond ETF in the 3rd quarter valued at $843,000. Arete Wealth Advisors LLC raised its position in Fidelity Total Bond ETF by 78.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after buying an additional 196,783 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Fidelity Total Bond ETF by 31.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock worth $71,519,000 after acquiring an additional 383,302 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Total Bond ETF by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after acquiring an additional 520,113 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.1 %

NYSEARCA FBND opened at $45.19 on Wednesday. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The firm has a 50-day moving average price of $45.25 and a 200 day moving average price of $45.85. The stock has a market capitalization of $9.02 billion, a P/E 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.