Fidelity Total Bond ETF $FBND Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 521.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,836,584 shares of the company’s stock after purchasing an additional 3,219,570 shares during the period. Fidelity Total Bond ETF comprises about 1.0% of Waverly Advisors LLC’s investment portfolio, making the stock its 12th largest position. Waverly Advisors LLC owned about 0.63% of Fidelity Total Bond ETF worth $174,526,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FBND. Capital Wealth Management LLC boosted its position in Fidelity Total Bond ETF by 9.3% during the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after acquiring an additional 53,398 shares during the last quarter. Valley Wealth Managers Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 149.5% during the fourth quarter. Valley Wealth Managers Inc. now owns 62,724 shares of the company’s stock worth $2,888,000 after purchasing an additional 37,588 shares during the last quarter. USAdvisors Wealth Management LLC grew its position in shares of Fidelity Total Bond ETF by 5.3% in the fourth quarter. USAdvisors Wealth Management LLC now owns 243,175 shares of the company’s stock valued at $11,195,000 after purchasing an additional 12,241 shares during the period. Barry Investment Advisors LLC increased its stake in Fidelity Total Bond ETF by 36.7% in the second quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock valued at $7,997,000 after purchasing an additional 47,024 shares during the last quarter. Finally, Hicks Capital Management LLC lifted its position in Fidelity Total Bond ETF by 11.3% during the fourth quarter. Hicks Capital Management LLC now owns 251,938 shares of the company’s stock worth $11,599,000 after buying an additional 25,669 shares during the period.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of NYSEARCA FBND traded down $0.04 on Tuesday, reaching $44.67. 2,887,426 shares of the company traded hands, compared to its average volume of 2,906,085. The company has a 50 day moving average of $45.04 and a 200 day moving average of $45.51. Fidelity Total Bond ETF has a fifty-two week low of $44.59 and a fifty-two week high of $46.86. The stock has a market capitalization of $27.06 billion, a PE ratio of 8.94 and a beta of 0.27.

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.