Canvas Wealth Advisors LLC Raises Stake in Fidelity Total Bond ETF $FBND

Canvas Wealth Advisors LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 81.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,395 shares of the company’s stock after purchasing an additional 23,067 shares during the period. Canvas Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $2,342,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FBND. PFG Investments LLC boosted its position in shares of Fidelity Total Bond ETF by 3.2% during the 1st quarter. PFG Investments LLC now owns 9,182 shares of the company’s stock worth $419,000 after purchasing an additional 282 shares in the last quarter. Masso Torrence Wealth Management Inc. boosted its position in shares of Fidelity Total Bond ETF by 4.5% during the 1st quarter. Masso Torrence Wealth Management Inc. now owns 128,021 shares of the company’s stock worth $5,844,000 after purchasing an additional 5,549 shares in the last quarter. Cyr Financial Inc. boosted its position in shares of Fidelity Total Bond ETF by 3.7% during the 1st quarter. Cyr Financial Inc. now owns 171,493 shares of the company’s stock worth $7,829,000 after purchasing an additional 6,111 shares in the last quarter. Crumly & Associates Inc. boosted its position in shares of Fidelity Total Bond ETF by 3.2% during the 1st quarter. Crumly & Associates Inc. now owns 111,308 shares of the company’s stock worth $5,081,000 after purchasing an additional 3,419 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 29.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 70,161 shares of the company’s stock worth $3,203,000 after purchasing an additional 15,983 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $46.67 on Monday. The firm has a market capitalization of $21.80 billion, a P/E ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.82. The company’s fifty day moving average is $46.22 and its two-hundred day moving average is $45.65.

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.