Valley National Advisers Inc. Grows Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Valley National Advisers Inc. boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 448,913 shares of the company’s stock after acquiring an additional 6,178 shares during the period. Fidelity Total Bond ETF accounts for about 3.0% of Valley National Advisers Inc.’s investment portfolio, making the stock its 7th largest position. Valley National Advisers Inc. owned about 0.22% of Fidelity Total Bond ETF worth $20,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $3,589,000. Geneos Wealth Management Inc. raised its position in shares of Fidelity Total Bond ETF by 15.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,720 shares of the company’s stock valued at $79,000 after buying an additional 228 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $284,000. Investment Advisory Group LLC raised its position in shares of Fidelity Total Bond ETF by 174.8% during the fourth quarter. Investment Advisory Group LLC now owns 13,726 shares of the company’s stock valued at $632,000 after buying an additional 8,731 shares during the last quarter. Finally, Octavia Wealth Advisors LLC raised its position in shares of Fidelity Total Bond ETF by 12.1% during the fourth quarter. Octavia Wealth Advisors LLC now owns 425,190 shares of the company’s stock valued at $19,654,000 after buying an additional 46,020 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.2 %

FBND traded up $0.09 during trading hours on Friday, hitting $46.38. The company’s stock had a trading volume of 1,042,768 shares, compared to its average volume of 1,264,478. The business’s 50-day moving average price is $45.53 and its 200-day moving average price is $45.16. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $46.71. The stock has a market cap of $9.26 billion, a price-to-earnings 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.