Riverbend Wealth Management LLC Purchases 35,016 Shares of Fidelity Total Bond ETF $FBND

Riverbend Wealth Management LLC grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 71.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,868 shares of the company’s stock after purchasing an additional 35,016 shares during the period. Fidelity Total Bond ETF accounts for about 1.6% of Riverbend Wealth Management LLC’s investment portfolio, making the stock its 13th largest position. Riverbend Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $3,631,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Waverly Advisors LLC lifted its stake in shares of Fidelity Total Bond ETF by 521.8% during the second quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock valued at $174,526,000 after buying an additional 3,219,570 shares during the period. Align Financial LLC acquired a new stake in Fidelity Total Bond ETF during the fourth quarter worth approximately $141,726,000. Sax Wealth Advisors LLC boosted its position in Fidelity Total Bond ETF by 49.8% during the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after acquiring an additional 2,236,473 shares during the last quarter. Legacy Wealth Management LLC grew its stake in Fidelity Total Bond ETF by 57.0% in the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after acquiring an additional 1,995,732 shares during the period. Finally, Quotient Wealth Partners LLC grew its stake in Fidelity Total Bond ETF by 32.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after acquiring an additional 1,609,056 shares during the period.

Fidelity Total Bond ETF Stock Performance

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

Fidelity Total Bond ETF 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.