TruWealth Advisors LLC Raises Stake in Fidelity Total Bond ETF $FBND

TruWealth Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 29.2% in the third quarter, Holdings Channel reports. The institutional investor owned 2,685,363 shares of the company’s stock after acquiring an additional 606,287 shares during the period. Fidelity Total Bond ETF comprises about 6.3% of TruWealth Advisors LLC’s portfolio, making the stock its biggest holding. TruWealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $124,171,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Insight Wealth Strategies LLC raised its holdings in Fidelity Total Bond ETF by 1.6% in the 3rd quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock worth $811,000 after purchasing an additional 281 shares during the period. Legacy Solutions LLC lifted its holdings in Fidelity Total Bond ETF by 0.8% during the second quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock valued at $2,247,000 after purchasing an additional 382 shares in the last quarter. Benchmark Financial Wealth Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 3.5% in the second quarter. Benchmark Financial Wealth Advisors LLC now owns 12,939 shares of the company’s stock worth $592,000 after purchasing an additional 442 shares during the period. Cozad Asset Management Inc. lifted its stake in shares of Fidelity Total Bond ETF by 0.7% during the 2nd quarter. Cozad Asset Management Inc. now owns 67,218 shares of the company’s stock valued at $3,075,000 after buying an additional 455 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in Fidelity Total Bond ETF by 0.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 70,683 shares of the company’s stock worth $3,234,000 after buying an additional 522 shares during the period.

Fidelity Total Bond ETF Stock Up 0.1%

Shares of Fidelity Total Bond ETF stock opened at $46.19 on Tuesday. The company has a market capitalization of $22.07 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock’s 50-day simple moving average is $46.44 and its 200-day simple moving average is $46.02. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86.

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.