Valeo Financial Advisors LLC Purchases 719,592 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Valeo Financial Advisors LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 322.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 942,475 shares of the company’s stock after acquiring an additional 719,592 shares during the period. Fidelity Total Bond ETF comprises about 1.1% of Valeo Financial Advisors LLC’s portfolio, making the stock its 21st largest holding. Valeo Financial Advisors LLC owned 0.47% of Fidelity Total Bond ETF worth $42,289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. DeDora Capital Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 0.6% during the 4th quarter. DeDora Capital Inc. now owns 406,343 shares of the company’s stock worth $18,233,000 after buying an additional 2,243 shares during the period. Rooted Wealth Advisors Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 11.5% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 176,048 shares of the company’s stock worth $7,868,000 after buying an additional 18,137 shares during the period. Sunburst Financial Group LLC boosted its holdings in shares of Fidelity Total Bond ETF by 13.4% during the 4th quarter. Sunburst Financial Group LLC now owns 986,466 shares of the company’s stock worth $44,263,000 after buying an additional 116,425 shares during the period. One Plus One Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 4.0% during the 4th quarter. One Plus One Wealth Management LLC now owns 18,340 shares of the company’s stock worth $823,000 after buying an additional 704 shares during the period. Finally, Gladstone Institutional Advisory LLC boosted its holdings in shares of Fidelity Total Bond ETF by 200.4% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 184,887 shares of the company’s stock worth $8,296,000 after buying an additional 123,333 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.32 on Friday. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The company has a 50-day simple moving average of $45.10 and a 200 day simple moving average of $45.81. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30.

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.