Triad Wealth Partners LLC Raises Holdings in Fidelity Total Bond ETF $FBND

Triad Wealth Partners LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 20.7% during the first quarter, Holdings Channel reports. The firm owned 1,164,361 shares of the company’s stock after buying an additional 199,845 shares during the quarter. Fidelity Total Bond ETF makes up approximately 4.2% of Triad Wealth Partners LLC’s portfolio, making the stock its 4th largest holding. Triad Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $53,118,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth approximately $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $32,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $36,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $37,000. Finally, Fifth Third Bancorp boosted its stake in shares of Fidelity Total Bond ETF by 78.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after acquiring an additional 468 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.61 on Friday. The firm has a market capitalization of $25.56 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86. The business’s 50 day simple moving average is $45.60 and its 200 day simple moving average is $45.95.

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.