Power Wealth Management LLC Has $39.37 Million Stock Position in Fidelity Total Bond ETF $FBND

Power Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 865,549 shares of the company’s stock after acquiring an additional 34,892 shares during the quarter. Fidelity Total Bond ETF accounts for about 13.9% of Power Wealth Management LLC’s investment portfolio, making the stock its largest position. Power Wealth Management LLC owned 0.14% of Fidelity Total Bond ETF worth $39,374,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FBND. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF in the 1st quarter worth $25,000. Community Financial Services Group LLC bought a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth $32,000. Tucker Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $37,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth $37,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $44.71 on Friday. The firm has a fifty day moving average of $45.08 and a 200 day moving average of $45.54. Fidelity Total Bond ETF has a 52-week low of $44.59 and a 52-week high of $46.86. The firm has a market capitalization of $27.09 billion, a PE ratio of 8.94 and a beta of 0.27.

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.