Valmark Advisers Inc. grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 27.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 210,966 shares of the company’s stock after acquiring an additional 45,167 shares during the period. Valmark Advisers Inc.’s holdings in Fidelity Total Bond ETF were worth $9,466,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in FBND. Marshall Financial Group LLC purchased a new stake in Fidelity Total Bond ETF during the third quarter worth $843,000. Stratos Wealth Advisors LLC boosted its holdings in Fidelity Total Bond ETF by 5.5% during the third quarter. Stratos Wealth Advisors LLC now owns 45,486 shares of the company’s stock worth $2,126,000 after buying an additional 2,366 shares in the last quarter. Stratos Investment Management LLC purchased a new stake in Fidelity Total Bond ETF during the third quarter worth $1,740,000. Precedent Wealth Partners LLC purchased a new stake in Fidelity Total Bond ETF during the third quarter worth $247,000. Finally, KMG Fiduciary Partners LLC purchased a new stake in Fidelity Total Bond ETF during the third quarter worth $2,894,000.
Fidelity Total Bond ETF Stock Performance
Shares of NYSEARCA FBND opened at $45.32 on Friday. The company’s fifty day moving average price is $45.09 and its 200 day moving average price is $45.81. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The company has a market capitalization of $9.04 billion, a PE ratio of 8.85 and a beta of 0.19.
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.
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