Salus Financial Advisors LLC Raises Holdings in Fidelity Total Bond ETF $FBND

Salus Financial Advisors LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,851 shares of the company’s stock after purchasing an additional 15,910 shares during the quarter. Fidelity Total Bond ETF comprises about 8.3% of Salus Financial Advisors LLC’s portfolio, making the stock its 4th biggest holding. Salus Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $14,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FBND. Financial Management Network Inc. increased its position in shares of Fidelity Total Bond ETF by 20.3% during the 4th quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock valued at $5,673,000 after purchasing an additional 20,803 shares during the period. Sunburst Financial Group LLC lifted its holdings in shares of Fidelity Total Bond ETF by 2.6% in the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock valued at $51,124,000 after buying an additional 28,089 shares during the period. Genesis Private Wealth LLC boosted its stake in Fidelity Total Bond ETF by 9.0% during the fourth quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock valued at $14,523,000 after buying an additional 26,093 shares in the last quarter. OLIO Financial Planning boosted its stake in Fidelity Total Bond ETF by 5.8% during the fourth quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock valued at $44,923,000 after buying an additional 53,318 shares in the last quarter. Finally, Capital Wealth Management LLC grew its holdings in Fidelity Total Bond ETF by 9.3% during the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after acquiring an additional 53,398 shares during the period.

Fidelity Total Bond ETF Trading Down 0.4%

Shares of Fidelity Total Bond ETF stock opened at $45.49 on Wednesday. The company’s 50-day moving average price is $45.56 and its two-hundred day moving average price is $45.91. 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 cap of $25.49 billion, a PE ratio of 8.94 and a beta of 0.27.

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.