Fidelity Total Bond ETF $FBND Holdings Raised by TrustWell Financial Advisors LLC

TrustWell Financial Advisors LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 330,371 shares of the company’s stock after buying an additional 30,502 shares during the period. Fidelity Total Bond ETF accounts for about 10.7% of TrustWell Financial Advisors LLC’s portfolio, making the stock its 2nd largest position. TrustWell Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $14,305,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Fidelity Total Bond ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after acquiring an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after acquiring an additional 587,351 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Fidelity Total Bond ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after acquiring an additional 930,834 shares in the last quarter. Quotient Wealth Partners LLC lifted its position in shares of Fidelity Total Bond ETF by 32.9% in the first quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock valued at $296,589,000 after acquiring an additional 1,609,056 shares in the last quarter. Finally, Sax Wealth Advisors LLC boosted its stake in shares of Fidelity Total Bond ETF by 49.8% during the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after acquiring an additional 2,236,473 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.7%

FBND opened at $43.83 on Friday. The firm has a market cap of $28.26 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86. The business’s fifty day simple moving average is $44.30 and its 200 day simple moving average is $45.06.

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.