Fidelity Total Bond ETF $FBND Stock Position Lifted by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.3% in the 2nd quarter, Holdings Channel reports. The firm owned 4,491,470 shares of the company’s stock after purchasing an additional 492,774 shares during the period. Fidelity Total Bond ETF makes up about 7.6% of Sax Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest position. Sax Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $204,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Apollon Financial LLC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $750,000. Capital Wealth Management LLC raised its holdings in Fidelity Total Bond ETF by 9.3% in the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after purchasing an additional 53,398 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in Fidelity Total Bond ETF by 5.8% in the fourth quarter. Cornerstone Wealth Group LLC now owns 330,234 shares of the company’s stock worth $15,204,000 after purchasing an additional 18,123 shares in the last quarter. Juno Financial Group LLC purchased a new position in Fidelity Total Bond ETF during the fourth quarter valued at $18,667,000. Finally, Forbes Financial Planning Inc. lifted its position in Fidelity Total Bond ETF by 12.4% during the fourth quarter. Forbes Financial Planning Inc. now owns 361,739 shares of the company’s stock valued at $16,655,000 after buying an additional 39,856 shares during the period.

Fidelity Total Bond ETF Trading Up 0.2%

Shares of FBND stock opened at $45.00 on Friday. Fidelity Total Bond ETF has a 12 month low of $44.65 and a 12 month high of $46.86. The stock has a market cap of $27.26 billion, a PE ratio of 8.94 and a beta of 0.27. The company’s fifty day moving average price is $45.31 and its 200-day moving average price is $45.70.

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.