Fidelity Total Bond ETF $FBND Position Increased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.6% during the third quarter, HoldingsChannel.com reports. The fund owned 1,673,493 shares of the company’s stock after buying an additional 174,314 shares during the period. Fidelity Total Bond ETF makes up approximately 1.6% of Valeo Financial Advisors LLC’s holdings, making the stock its 15th biggest position. Valeo Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $71,347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at $27,000. Caldwell Trust Co purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth about $34,000. Maryland Capital Advisors Inc. raised its position in Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after acquiring an additional 651 shares in the last quarter. First Command Advisory Services Inc. bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $47,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter worth about $49,000.

Fidelity Total Bond ETF Stock Performance

FBND opened at $46.17 on Wednesday. The business has a 50 day moving average price of $46.25 and a 200 day moving average price of $46.19. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The firm has a market cap of $23.98 billion, a P/E 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.