Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Acquired by Opes Wealth Management LLC

Opes Wealth Management LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 182,234 shares of the company’s stock after purchasing an additional 5,725 shares during the quarter. Fidelity Total Bond ETF makes up 1.7% of Opes Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Opes Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $8,188,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Private Advisor Group LLC boosted its position in Fidelity Total Bond ETF by 83.7% in the 2nd quarter. Private Advisor Group LLC now owns 187,699 shares of the company’s stock valued at $8,433,000 after buying an additional 85,545 shares during the period. Defined Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter worth about $1,492,000. TD Capital Management LLC raised its position in Fidelity Total Bond ETF by 26.7% in the 2nd quarter. TD Capital Management LLC now owns 94,024 shares of the company’s stock valued at $4,225,000 after purchasing an additional 19,843 shares in the last quarter. Horizon Investment Services LLC boosted its stake in shares of Fidelity Total Bond ETF by 9.9% in the 2nd quarter. Horizon Investment Services LLC now owns 67,155 shares of the company’s stock valued at $3,017,000 after buying an additional 6,074 shares during the period. Finally, Crumly & Associates Inc. grew its position in shares of Fidelity Total Bond ETF by 6.9% during the second quarter. Crumly & Associates Inc. now owns 66,224 shares of the company’s stock worth $2,975,000 after buying an additional 4,265 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $46.83 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week high of $47.03. The firm’s 50 day moving average price is $45.95 and its 200 day moving average price is $45.29. The stock has a market cap of $9.34 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.