TradeWell Securities LLC. Makes New $621,000 Investment in Fidelity Total Bond ETF $FBND

TradeWell Securities LLC. bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 14,338 shares of the company’s stock, valued at approximately $621,000.

Other hedge funds also recently added to or reduced their stakes in the company. Waverly Advisors LLC boosted its holdings in shares of Fidelity Total Bond ETF by 521.8% during the second quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock valued at $174,526,000 after acquiring an additional 3,219,570 shares during the period. Sax Wealth Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 49.8% during the third 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 last quarter. Legacy Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 57.0% in the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after acquiring an additional 1,995,732 shares during the period. Modern Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 38.3% in the 1st quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock worth $228,764,000 after acquiring an additional 1,388,283 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Fidelity Total Bond ETF by 15.9% in 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.

Fidelity Total Bond ETF Trading Up 0.1%

NYSEARCA:FBND traded up $0.04 during mid-day trading on Wednesday, hitting $43.80. The stock had a trading volume of 1,423,535 shares, compared to its average volume of 3,178,765. The company has a 50 day simple moving average of $44.23 and a 200-day simple moving average of $45.02. The stock has a market capitalization of $28.24 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86.

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.