Waterway Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 2,335.5% during the first quarter, Holdings Channel reports. The firm owned 184,513 shares of the company’s stock after acquiring an additional 176,937 shares during the quarter. Fidelity Total Bond ETF makes up about 1.5% of Waterway Wealth Management LLC’s portfolio, making the stock its 15th largest holding. Waterway Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $8,417,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Dupree Financial Group LLC boosted its position in shares of Fidelity Total Bond ETF by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after purchasing an additional 219 shares during the period. Quadrant Capital Group LLC increased its position in Fidelity Total Bond ETF by 0.6% during the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after buying an additional 220 shares during the period. RWA Wealth Partners LLC increased its position in Fidelity Total Bond ETF by 2.6% during the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after buying an additional 241 shares during the period. Investment Advisory Group LLC lifted its stake in Fidelity Total Bond ETF by 0.4% in the fourth quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after buying an additional 303 shares during the last quarter. Finally, Keystone Financial Group lifted its stake in Fidelity Total Bond ETF by 3.1% in the third quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock valued at $477,000 after buying an additional 315 shares during the last quarter.
Fidelity Total Bond ETF Stock Performance
FBND stock opened at $45.76 on Friday. The company has a market capitalization of $25.64 billion, a P/E ratio of 8.94 and a beta of 0.27. The business has a 50 day simple moving average of $45.58 and a 200-day simple moving average of $45.93. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve 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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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