Fidelity Total Bond ETF $FBND Shares Bought by Waterway Wealth Management LLC

Waterway Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2,335.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,513 shares of the company’s stock after buying an additional 176,937 shares during the period. Fidelity Total Bond ETF accounts for about 1.5% of Waterway Wealth Management LLC’s holdings, making the stock its 15th largest holding. Waterway Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $8,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FBND. Cerity Partners LLC lifted its stake in Fidelity Total Bond ETF by 400.5% during the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after purchasing an additional 32,071 shares during the last quarter. Betterment LLC boosted its holdings in Fidelity Total Bond ETF by 2.7% in the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after purchasing an additional 2,597 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF in the second quarter valued at approximately $49,000. Graney & King LLC increased its stake in Fidelity Total Bond ETF by 7.3% in the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after purchasing an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after purchasing an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.76 on Friday. The stock has a market cap of $25.64 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The company’s 50 day moving average is $45.58 and its two-hundred day moving average is $45.93.

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.