Fidelity Total Bond ETF $FBND Position Boosted by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 41.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,644,754 shares of the company’s stock after buying an additional 774,471 shares during the period. Fidelity Total Bond ETF accounts for 7.3% of Sax Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest position. Sax Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $120,997,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. PFG Investments LLC increased its stake in shares of Fidelity Total Bond ETF by 3.2% during the first quarter. PFG Investments LLC now owns 9,182 shares of the company’s stock valued at $419,000 after buying an additional 282 shares during the period. Bogart Wealth LLC increased its stake in shares of Fidelity Total Bond ETF by 23.3% during the first quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock valued at $72,000 after buying an additional 297 shares during the period. Sound Income Strategies LLC increased its stake in shares of Fidelity Total Bond ETF by 63.1% during the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after buying an additional 306 shares during the period. Kraft Davis & Associates LLC grew its stake in Fidelity Total Bond ETF by 2.8% in the first quarter. Kraft Davis & Associates LLC now owns 12,509 shares of the company’s stock worth $562,000 after purchasing an additional 338 shares during the period. Finally, Legacy Solutions LLC grew its stake in Fidelity Total Bond ETF by 0.8% in the second quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock worth $2,247,000 after purchasing an additional 382 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2%

Shares of FBND stock opened at $46.32 on Wednesday. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. The business’s fifty day moving average is $46.11 and its 200 day moving average is $45.60. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.75.

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.