Forvis Mazars Wealth Advisors LLC Purchases 57,010 Shares of Fidelity Total Bond ETF $FBND

Forvis Mazars Wealth Advisors LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,025,737 shares of the company’s stock after purchasing an additional 57,010 shares during the quarter. Fidelity Total Bond ETF makes up 2.2% of Forvis Mazars Wealth Advisors LLC’s portfolio, making the stock its 9th biggest position. Forvis Mazars Wealth Advisors LLC owned approximately 0.47% of Fidelity Total Bond ETF worth $131,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signature Equity Partners LLC boosted its holdings in shares of Fidelity Total Bond ETF by 5.4% during the 1st quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock valued at $216,000 after buying an additional 244 shares in the last quarter. Insight Advisors LLC PA lifted its position in Fidelity Total Bond ETF by 1.6% during the 1st quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock valued at $821,000 after acquiring an additional 291 shares during the period. Archer Investment Corp grew its holdings in Fidelity Total Bond ETF by 17.2% in the first quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock worth $101,000 after purchasing an additional 325 shares during the period. Breakwater Capital Group increased its stake in shares of Fidelity Total Bond ETF by 3.4% during the second quarter. Breakwater Capital Group now owns 9,876 shares of the company’s stock valued at $449,000 after purchasing an additional 327 shares in the last quarter. Finally, CGN Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 1.9% in the 2nd quarter. CGN Advisors LLC now owns 18,717 shares of the company’s stock worth $851,000 after purchasing an additional 342 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock traded up $0.05 during midday trading on Tuesday, hitting $43.52. The company had a trading volume of 4,972,731 shares, compared to its average volume of 3,158,939. Fidelity Total Bond ETF has a 52-week low of $43.11 and a 52-week high of $46.86. The stock has a market capitalization of $28.06 billion, a P/E ratio of 8.94 and a beta of 0.28. The company has a 50 day moving average of $44.38 and a 200 day moving average of $45.10.

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.