Fidelity Total Bond ETF $FBND Shares Bought by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 93.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 145,662 shares of the company’s stock after purchasing an additional 70,493 shares during the period. Valley Wealth Managers Inc.’s holdings in Fidelity Total Bond ETF were worth $6,307,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Waverly Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 521.8% in the second quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock worth $174,526,000 after purchasing an additional 3,219,570 shares in the last quarter. Align Financial LLC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at $141,726,000. Legacy Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 57.0% in the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after buying an additional 1,995,732 shares during the period. Quotient Wealth Partners LLC boosted its holdings in Fidelity Total Bond ETF by 32.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after buying an additional 1,609,056 shares during the period. Finally, Modern Wealth Management LLC increased its stake in Fidelity Total Bond ETF by 38.3% in the 1st quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock worth $228,764,000 after buying an additional 1,388,283 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $43.45 on Friday. The business’s 50-day simple moving average is $44.41 and its two-hundred day simple moving average is $45.12. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86. The stock has a market cap of $28.01 billion, a PE ratio of 8.94 and a beta of 0.28.

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.