Fidelity Total Bond ETF $FBND is Sax Wealth Advisors LLC’s 2nd Largest Position

Sax Wealth Advisors LLC raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,491,470 shares of the company’s stock after buying an additional 492,774 shares during the period. Fidelity Total Bond ETF comprises about 7.6% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Sax Wealth Advisors LLC owned approximately 0.77% of Fidelity Total Bond ETF worth $204,901,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity Total Bond ETF by 3.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after purchasing an additional 2,925,667 shares during the period. Morgan Stanley increased its holdings in Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after purchasing an additional 4,830,198 shares during the period. Bank of America Corp DE increased its holdings in Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after purchasing an additional 871,672 shares during the period. JPMorgan Chase & Co. raised its position in Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after purchasing an additional 2,374,913 shares during the last quarter. Finally, LPL Financial LLC raised its position in Fidelity Total Bond ETF by 25.2% during the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after purchasing an additional 1,887,404 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.00 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.65 and a fifty-two week high of $46.86. The stock has a 50 day simple moving average of $45.31 and a two-hundred day simple moving average of $45.70. The stock has a market cap of $27.26 billion, a P/E ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF 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.