Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Bought by Valmark Advisers Inc.

Valmark Advisers Inc. grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 32.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 192,038 shares of the company’s stock after buying an additional 46,501 shares during the quarter. Valmark Advisers Inc.’s holdings in Fidelity Total Bond ETF were worth $8,841,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its position in shares of Fidelity Total Bond ETF by 15.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,720 shares of the company’s stock valued at $79,000 after acquiring an additional 228 shares during the last quarter. Ancora Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF by 0.6% in the third quarter. Ancora Advisors LLC now owns 44,261 shares of the company’s stock valued at $1,928,000 after purchasing an additional 268 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in shares of Fidelity Total Bond ETF by 6.5% in the third quarter. Financial Advocates Investment Management now owns 5,813 shares of the company’s stock valued at $253,000 after purchasing an additional 353 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Fidelity Total Bond ETF by 51.2% in the fourth quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock valued at $74,000 after purchasing an additional 547 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at $25,000.

Fidelity Total Bond ETF Stock Up 0.3 %

Shares of FBND traded up $0.14 during mid-day trading on Friday, reaching $44.09. The company’s stock had a trading volume of 827,280 shares, compared to its average volume of 1,307,102. The business has a fifty day moving average of $44.95 and a 200 day moving average of $44.82. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 8.76 and a beta of 0.15. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.34.

Fidelity Total Bond ETF 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.