Future Financial Wealth Managment LLC Invests $2.66 Million in Fidelity Total Bond ETF $FBND

Future Financial Wealth Managment LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 2nd quarter, HoldingsChannel reports. The firm purchased 58,191 shares of the company’s stock, valued at approximately $2,662,000. Fidelity Total Bond ETF accounts for 1.8% of Future Financial Wealth Managment LLC’s portfolio, making the stock its 13th largest holding.

Several other large investors also recently bought and sold shares of FBND. Tritonpoint Wealth LLC increased its stake in shares of Fidelity Total Bond ETF by 2.2% during the second quarter. Tritonpoint Wealth LLC now owns 56,926 shares of the company’s stock worth $2,614,000 after buying an additional 1,239 shares during the period. Beacon Capital Management LLC increased its stake in shares of Fidelity Total Bond ETF by 84.6% during the second quarter. Beacon Capital Management LLC now owns 4,549 shares of the company’s stock worth $208,000 after buying an additional 2,085 shares during the period. Diversified Trust Co purchased a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $427,000. Cerity Partners LLC increased its position in shares of Fidelity Total Bond ETF by 27.5% in the 1st quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock valued at $366,000 after purchasing an additional 1,729 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Fidelity Total Bond ETF by 1.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 150,385 shares of the company’s stock valued at $6,862,000 after purchasing an additional 2,642 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.2%

Shares of NYSEARCA:FBND opened at $46.33 on Friday. The company has a market cap of $21.17 billion, a PE ratio of 8.94 and a beta of 0.17. The company’s 50 day moving average is $46.08 and its two-hundred day moving average is $45.60. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.75.

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.