Fidelity Total Bond ETF $FBND is USAdvisors Wealth Management LLC’s 4th Largest Position

USAdvisors Wealth Management LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 243,175 shares of the company’s stock after purchasing an additional 12,241 shares during the period. Fidelity Total Bond ETF comprises 3.7% of USAdvisors Wealth Management LLC’s holdings, making the stock its 4th biggest position. USAdvisors Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $11,195,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at approximately $32,000. Clearstead Advisors LLC purchased a new stake in Fidelity Total Bond ETF during the third quarter valued at approximately $36,000. First Command Advisory Services Inc. purchased a new stake in Fidelity Total Bond ETF during the third quarter valued at approximately $47,000. Key Capital Management INC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at approximately $49,000. Finally, Fifth Third Bancorp lifted its position in Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after acquiring an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.0%

NYSEARCA:FBND opened at $45.50 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.73 and a 52 week high of $46.86. The firm has a 50 day moving average of $45.80 and a 200 day moving average of $46.13. The stock has a market capitalization of $25.49 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.