Fidelity Total Bond ETF $FBND Stock: Woodside Wealth Management LLC Raises Holdings

Woodside Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 33.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 68,578 shares of the company’s stock after acquiring an additional 17,114 shares during the period. Fidelity Total Bond ETF accounts for approximately 2.0% of Woodside Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Woodside Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $2,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after acquiring an additional 871,672 shares during the period. Envestnet Asset Management Inc. boosted its position in Fidelity Total Bond ETF by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after acquiring an additional 587,351 shares during the period. Cetera Investment Advisers boosted its position in Fidelity Total Bond ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after acquiring an additional 930,834 shares during the period. Sax Wealth Advisors LLC boosted its position in Fidelity Total Bond ETF by 49.8% during the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after acquiring an additional 2,236,473 shares during the period. Finally, Quotient Wealth Partners LLC grew its stake in shares of Fidelity Total Bond ETF by 32.9% in the first quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after purchasing an additional 1,609,056 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND traded down $0.01 on Friday, hitting $43.82. The company’s stock had a trading volume of 5,305,343 shares, compared to its average volume of 3,184,228. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86. The company has a market capitalization of $28.25 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock’s 50-day moving average is $44.27 and its two-hundred day moving average is $45.05.

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.