Nwam LLC Buys 18,245 Shares of Fidelity Total Bond ETF $FBND

Nwam LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 37.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,607 shares of the company’s stock after buying an additional 18,245 shares during the period. Nwam LLC’s holdings in Fidelity Total Bond ETF were worth $3,165,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FBND. Financial Management Network Inc. boosted its stake in shares of Fidelity Total Bond ETF by 17.8% in the 2nd quarter. Financial Management Network Inc. now owns 93,122 shares of the company’s stock valued at $4,249,000 after purchasing an additional 14,091 shares in the last quarter. Professional Financial Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 11.4% during the 2nd quarter. Professional Financial Advisors LLC now owns 58,287 shares of the company’s stock worth $2,667,000 after purchasing an additional 5,955 shares in the last quarter. KMG Fiduciary Partners LLC lifted its holdings in Fidelity Total Bond ETF by 11.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 326,253 shares of the company’s stock valued at $14,926,000 after purchasing an additional 34,344 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Fidelity Total Bond ETF by 1.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 150,385 shares of the company’s stock valued at $6,862,000 after buying an additional 2,642 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Fidelity Total Bond ETF in the second quarter valued at about $8,717,000.

Fidelity Total Bond ETF Trading Down 0.1%

NYSEARCA FBND opened at $46.21 on Friday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The company has a 50 day moving average of $46.29 and a 200-day moving average of $46.15. The firm has a market cap of $23.72 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.