Waverly Advisors LLC Acquires 10,891 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Waverly Advisors LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 106,935 shares of the company’s stock after acquiring an additional 10,891 shares during the quarter. Waverly Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $4,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $25,000. Lindbrook Capital LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $36,000. Brown Brothers Harriman & Co. bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $59,000. Finally, Rothschild Investment LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $63,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.12 on Wednesday. The firm has a market cap of $18.26 billion, a PE ratio of 8.94 and a beta of 0.27. The firm’s 50 day moving average price is $45.32 and its 200 day moving average price is $45.33. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $47.30.

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.