Williams & Novak LLC Boosts Stock Position in Fidelity Total Bond ETF $FBND

Williams & Novak LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,079 shares of the company’s stock after buying an additional 25,587 shares during the period. Fidelity Total Bond ETF comprises about 11.0% of Williams & Novak LLC’s holdings, making the stock its largest position. Williams & Novak LLC owned approximately 0.07% of Fidelity Total Bond ETF worth $14,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dynasty Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 13.4% during the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after acquiring an additional 786,693 shares during the last quarter. Live Oak Investment Partners purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at about $7,084,000. Merkkuri Wealth Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 8.2% during the third quarter. Merkkuri Wealth Advisors LLC now owns 119,301 shares of the company’s stock valued at $5,517,000 after purchasing an additional 9,050 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Fidelity Total Bond ETF by 235.0% during the third quarter. Arkadios Wealth Advisors now owns 742,577 shares of the company’s stock worth $34,337,000 after purchasing an additional 520,944 shares during the last quarter. Finally, Courier Capital LLC grew its position in Fidelity Total Bond ETF by 4.4% in the 3rd quarter. Courier Capital LLC now owns 274,015 shares of the company’s stock worth $12,670,000 after purchasing an additional 11,604 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.2%

Fidelity Total Bond ETF stock opened at $46.02 on Wednesday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The company’s 50 day moving average price is $46.27 and its two-hundred day moving average price is $46.17. The stock has a market cap of $23.77 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.