W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 8.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,054,139 shares of the company’s stock after acquiring an additional 82,736 shares during the period. Fidelity Total Bond ETF makes up 3.4% of W.G. Shaheen & Associates DBA Whitney & Co’s holdings, making the stock its 5th largest position. W.G. Shaheen & Associates DBA Whitney & Co owned approximately 0.16% of Fidelity Total Bond ETF worth $45,644,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Fidelity Total Bond ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after purchasing an additional 871,672 shares during the period. Envestnet Asset Management Inc. grew its position in Fidelity Total Bond ETF by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after buying an additional 587,351 shares in the last quarter. Cetera Investment Advisers grew its position in Fidelity Total Bond ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after buying an additional 930,834 shares in the last quarter. Sax Wealth Advisors LLC grew its position in Fidelity Total Bond ETF by 49.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after buying an additional 2,236,473 shares in the last quarter. Finally, Legacy Wealth Management LLC grew its position in Fidelity Total Bond ETF by 57.0% in the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after buying an additional 1,995,732 shares in the last quarter.
Fidelity Total Bond ETF Stock Down 0.1%
Fidelity Total Bond ETF stock traded down $0.05 during trading hours on Friday, hitting $44.33. 2,717,195 shares of the company traded hands, compared to its average volume of 3,250,555. Fidelity Total Bond ETF has a 1-year low of $43.11 and a 1-year high of $46.78. The firm has a market cap of $28.58 billion, a P/E ratio of 8.94 and a beta of 0.28. The firm’s 50-day simple moving average is $44.01 and its two-hundred day simple moving average is $45.23.
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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