Valley Wealth Managers Inc. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 149.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,724 shares of the company’s stock after purchasing an additional 37,588 shares during the period. Valley Wealth Managers Inc.’s holdings in Fidelity Total Bond ETF were worth $2,888,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth about $32,000. Clearstead Advisors LLC purchased a new position in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $36,000. First Command Advisory Services Inc. bought a new stake in Fidelity Total Bond ETF in the 3rd quarter worth approximately $47,000. Fifth Third Bancorp increased its stake in Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after acquiring an additional 468 shares during the last quarter. Finally, Key Capital Management INC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $49,000.
Fidelity Total Bond ETF Stock Performance
NYSEARCA FBND opened at $45.63 on Tuesday. The stock has a 50 day moving average price of $45.86 and a 200-day moving average price of $46.15. Fidelity Total Bond ETF has a one year low of $44.73 and a one year high of $46.86. The company has a market capitalization of $25.57 billion, a P/E 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.
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