Axxcess Wealth Management LLC Purchases 133,375 Shares of Fidelity Total Bond ETF $FBND

Axxcess Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 59.7% during the 4th quarter, Holdings Channel reports. The fund owned 356,597 shares of the company’s stock after purchasing an additional 133,375 shares during the period. Axxcess Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $16,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Plan A Wealth LLC raised its stake in Fidelity Total Bond ETF by 74.6% in the 4th quarter. Plan A Wealth LLC now owns 16,500 shares of the company’s stock worth $760,000 after acquiring an additional 7,052 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Fidelity Total Bond ETF by 5.6% during the 4th quarter. Global Retirement Partners LLC now owns 759,690 shares of the company’s stock valued at $34,976,000 after buying an additional 40,263 shares during the last quarter. Financial Synergies Wealth Advisors Inc. raised its stake in shares of Fidelity Total Bond ETF by 19.4% during the 4th quarter. Financial Synergies Wealth Advisors Inc. now owns 147,921 shares of the company’s stock valued at $6,810,000 after buying an additional 24,027 shares during the last quarter. Shakespeare Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF by 5.1% during the 4th quarter. Shakespeare Wealth Management LLC now owns 767,474 shares of the company’s stock valued at $35,335,000 after buying an additional 37,181 shares during the last quarter. Finally, Forum Private Client Group LLC raised its stake in shares of Fidelity Total Bond ETF by 20.9% during the 4th quarter. Forum Private Client Group LLC now owns 22,964 shares of the company’s stock valued at $1,057,000 after buying an additional 3,970 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

NYSEARCA:FBND opened at $45.40 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The stock has a market capitalization of $25.44 billion, a PE ratio of 8.94 and a beta of 0.28. The stock’s 50-day moving average price is $45.69 and its 200-day moving average price is $46.07.

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.