Waverly Advisors LLC Grows Stock Holdings in Fidelity Total Bond ETF $FBND

Waverly Advisors LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 521.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,836,584 shares of the company’s stock after acquiring an additional 3,219,570 shares during the period. Fidelity Total Bond ETF makes up 1.0% of Waverly Advisors LLC’s portfolio, making the stock its 12th biggest position. Waverly Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $174,526,000 as of its most recent SEC filing.

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

Fidelity Total Bond ETF Trading Down 0.1%

NYSEARCA:FBND traded down $0.04 during trading hours on Tuesday, hitting $44.67. The stock had a trading volume of 2,887,426 shares, compared to its average volume of 2,906,085. The company has a market cap of $27.06 billion, a PE ratio of 8.94 and a beta of 0.27. The business has a 50 day simple moving average of $45.04 and a two-hundred day simple moving average of $45.51. Fidelity Total Bond ETF has a 1-year low of $44.59 and a 1-year high of $46.86.

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.