Fidelity Total Bond ETF $FBND Stock: TrustWell Financial Advisors LLC Boosts Position

TrustWell Financial Advisors LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 330,371 shares of the company’s stock after purchasing an additional 30,502 shares during the period. Fidelity Total Bond ETF comprises approximately 10.7% of TrustWell Financial Advisors LLC’s portfolio, making the stock its 2nd biggest holding. TrustWell Financial Advisors LLC owned 0.05% of Fidelity Total Bond ETF worth $14,305,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after buying an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Fidelity Total Bond ETF by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after acquiring an additional 587,351 shares during the last quarter. Cetera Investment Advisers grew its stake in Fidelity Total Bond ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after acquiring an additional 930,834 shares during the last quarter. Sax Wealth Advisors LLC grew its stake in Fidelity Total Bond ETF by 49.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after acquiring an additional 2,236,473 shares during the last quarter. Finally, Quotient Wealth Partners LLC increased its holdings in Fidelity Total Bond ETF by 32.9% during the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock valued at $296,589,000 after acquiring an additional 1,609,056 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.7%

Shares of FBND opened at $43.83 on Friday. The stock has a market cap of $28.26 billion, a P/E ratio of 8.94 and a beta of 0.28. The company has a 50-day moving average of $44.30 and a two-hundred day moving average of $45.06. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.86.

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.