Fidelity Total Bond ETF $FBND Stock Position Lifted by Power Wealth Management LLC

Power Wealth Management LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 865,549 shares of the company’s stock after purchasing an additional 34,892 shares during the period. Fidelity Total Bond ETF comprises 13.9% of Power Wealth Management LLC’s investment portfolio, making the stock its largest position. Power Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $39,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. bought a new stake in Fidelity Total Bond ETF during the 1st quarter valued at $25,000. Community Financial Services Group LLC purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at $32,000. Tucker Asset Management LLC purchased a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $37,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at $37,000.

Fidelity Total Bond ETF Stock Up 0.1%

Shares of Fidelity Total Bond ETF stock opened at $44.71 on Friday. The company’s fifty day simple moving average is $45.08 and its two-hundred day simple moving average is $45.54. Fidelity Total Bond ETF has a 12-month low of $44.59 and a 12-month high of $46.86. The firm has a market cap of $27.09 billion, a PE ratio of 8.94 and a beta of 0.27.

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.