Nations Financial Group Inc. IA ADV Acquires 6,166 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Nations Financial Group Inc. IA ADV boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 45.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,618 shares of the company’s stock after acquiring an additional 6,166 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Fidelity Total Bond ETF were worth $917,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FBND. tru Independence LLC grew its stake in shares of Fidelity Total Bond ETF by 15.5% in the 3rd quarter. tru Independence LLC now owns 248,375 shares of the company’s stock valued at $11,609,000 after purchasing an additional 33,392 shares during the period. Bond & Devick Financial Network Inc. boosted its stake in Fidelity Total Bond ETF by 7.5% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,124 shares of the company’s stock valued at $707,000 after buying an additional 1,057 shares in the last quarter. Riverpoint Wealth Management Holdings LLC grew its position in Fidelity Total Bond ETF by 7.7% in the third quarter. Riverpoint Wealth Management Holdings LLC now owns 360,348 shares of the company’s stock valued at $16,843,000 after acquiring an additional 25,892 shares during the period. Axxcess Wealth Management LLC raised its stake in Fidelity Total Bond ETF by 2.1% during the third quarter. Axxcess Wealth Management LLC now owns 47,420 shares of the company’s stock worth $2,216,000 after acquiring an additional 991 shares in the last quarter. Finally, Sigma Planning Corp lifted its holdings in shares of Fidelity Total Bond ETF by 16.2% during the third quarter. Sigma Planning Corp now owns 162,845 shares of the company’s stock valued at $7,611,000 after acquiring an additional 22,667 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.35 on Wednesday. The company has a market capitalization of $9.05 billion, a PE ratio of 8.85 and a beta of 0.19. The company’s fifty day moving average is $46.33 and its 200-day moving average is $45.73. Fidelity Total Bond ETF has a 52 week low of $43.34 and a 52 week high of $47.30.

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.