Valeo Financial Advisors LLC Boosts Stock Holdings in Fidelity Total Bond ETF $FBND

Valeo Financial Advisors LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,499,179 shares of the company’s stock after acquiring an additional 172,827 shares during the period. Fidelity Total Bond ETF makes up about 1.4% of Valeo Financial Advisors LLC’s holdings, making the stock its 21st largest holding. Valeo Financial Advisors LLC owned about 0.35% of Fidelity Total Bond ETF worth $62,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Total Bond ETF by 10.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock valued at $3,705,081,000 after purchasing an additional 7,778,802 shares in the last quarter. Gallagher Fiduciary Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 4,220.9% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after buying an additional 1,970,997 shares during the period. Ritholtz Wealth Management increased its stake in shares of Fidelity Total Bond ETF by 64.3% during the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock worth $165,200,000 after buying an additional 1,412,766 shares during the period. Jane Street Group LLC raised its holdings in Fidelity Total Bond ETF by 8,037.4% in the first quarter. Jane Street Group LLC now owns 1,260,488 shares of the company’s stock valued at $57,541,000 after acquiring an additional 1,244,998 shares in the last quarter. Finally, Sax Wealth Advisors LLC lifted its stake in Fidelity Total Bond ETF by 41.4% in the second quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock worth $120,997,000 after acquiring an additional 774,471 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.3%

NYSEARCA FBND opened at $46.15 on Monday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The firm has a 50 day moving average of $46.44 and a two-hundred day moving average of $46.02. The stock has a market capitalization of $22.05 billion, a PE ratio of 8.94 and a beta of 0.28.

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.