Fidelity Total Bond ETF $FBND Stock: Wealth Management Resources Inc. Reduces Stake

Wealth Management Resources Inc. trimmed its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 29.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 678,272 shares of the company’s stock after selling 282,580 shares during the quarter. Fidelity Total Bond ETF accounts for about 9.1% of Wealth Management Resources Inc.’s holdings, making the stock its 3rd biggest holding. Wealth Management Resources Inc.’s holdings in Fidelity Total Bond ETF were worth $29,369,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Waverly Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 521.8% in the second quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock worth $174,526,000 after purchasing an additional 3,219,570 shares during the last quarter. Sax Wealth Advisors LLC lifted its holdings in Fidelity Total Bond ETF by 49.8% in the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after buying an additional 2,236,473 shares during the period. Legacy Wealth Management LLC boosted its position in shares of Fidelity Total Bond ETF by 57.0% during the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after purchasing an additional 1,995,732 shares in the last quarter. Modern Wealth Management LLC increased its stake in shares of Fidelity Total Bond ETF by 38.3% in the 1st quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock worth $228,764,000 after acquiring an additional 1,388,283 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Fidelity Total Bond ETF by 15.9% during the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after purchasing an additional 930,834 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.2%

Fidelity Total Bond ETF stock opened at $43.76 on Wednesday. The company has a market capitalization of $28.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The business’s fifty day simple moving average is $44.23 and its two-hundred day simple moving average is $45.02. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86.

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.