Waverly Advisors LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,935 shares of the company’s stock after buying an additional 10,891 shares during the quarter. Waverly Advisors LLC owned approximately 0.05% of Fidelity Total Bond ETF worth $4,798,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in FBND. PNC Financial Services Group Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $25,000. Lindbrook Capital LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $32,000. Tucker Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $36,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $59,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $63,000.
Fidelity Total Bond ETF Price Performance
NYSEARCA FBND opened at $45.12 on Wednesday. The company has a 50 day simple moving average of $45.32 and a 200-day simple moving average of $45.33. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $47.30.
About Fidelity Total Bond ETF
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.
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