Fidelity Total Bond ETF $FBND Shares Acquired by Valley National Advisers Inc.

Valley National Advisers Inc. boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 453,931 shares of the company’s stock after acquiring an additional 22,298 shares during the period. Fidelity Total Bond ETF accounts for about 3.4% of Valley National Advisers Inc.’s portfolio, making the stock its 6th largest holding. Valley National Advisers Inc. owned approximately 0.11% of Fidelity Total Bond ETF worth $20,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Fidelity Total Bond ETF in the 1st quarter valued at about $28,000. RDA Financial Network lifted its holdings in shares of Fidelity Total Bond ETF by 1.5% in the 1st quarter. RDA Financial Network now owns 88,680 shares of the company’s stock worth $4,048,000 after acquiring an additional 1,337 shares during the last quarter. KMG Fiduciary Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 173.6% during the 1st quarter. KMG Fiduciary Partners LLC now owns 291,909 shares of the company’s stock worth $13,326,000 after purchasing an additional 185,226 shares during the period. One Plus One Wealth Management LLC raised its position in Fidelity Total Bond ETF by 10.0% in the first quarter. One Plus One Wealth Management LLC now owns 20,183 shares of the company’s stock valued at $921,000 after purchasing an additional 1,843 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in Fidelity Total Bond ETF by 69.2% during the first quarter. Park Avenue Securities LLC now owns 22,559 shares of the company’s stock worth $1,030,000 after purchasing an additional 9,225 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $46.33 on Monday. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.75. The business has a 50-day moving average of $46.08 and a 200 day moving average of $45.60. The stock has a market capitalization of $21.27 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17.

Fidelity Total Bond ETF Company 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.