Sax Wealth Advisors LLC Has $157.56 Million Stock Position in Fidelity Total Bond ETF $FBND

Sax Wealth Advisors LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 28.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,407,495 shares of the company’s stock after acquiring an additional 762,741 shares during the period. Fidelity Total Bond ETF accounts for about 8.5% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Sax Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $157,563,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FBND. Insight Wealth Strategies LLC lifted its stake in shares of Fidelity Total Bond ETF by 1.6% in the third quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock worth $811,000 after buying an additional 281 shares during the last quarter. AssuredPartners Investment Advisors LLC lifted its position in Fidelity Total Bond ETF by 1.8% during the 3rd quarter. AssuredPartners Investment Advisors LLC now owns 17,722 shares of the company’s stock worth $819,000 after acquiring an additional 311 shares during the last quarter. Legacy Solutions LLC boosted its holdings in Fidelity Total Bond ETF by 0.8% during the second quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock valued at $2,247,000 after acquiring an additional 382 shares during the period. Wealth Quarterback LLC grew its position in shares of Fidelity Total Bond ETF by 6.9% in the third quarter. Wealth Quarterback LLC now owns 6,813 shares of the company’s stock valued at $315,000 after purchasing an additional 441 shares during the last quarter. Finally, Benchmark Financial Wealth Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 3.5% in the second quarter. Benchmark Financial Wealth Advisors LLC now owns 12,939 shares of the company’s stock worth $592,000 after purchasing an additional 442 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $46.18 on Wednesday. The stock has a 50-day simple moving average of $46.39 and a 200 day simple moving average of $46.11. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The stock has a market capitalization of $22.06 billion, a PE ratio of 8.94 and a beta of 0.28.

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.