Partners Wealth Management LLC Acquires New Position in Fidelity Total Bond ETF $FBND

Partners Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 3rd quarter, HoldingsChannel reports. The firm acquired 21,448 shares of the company’s stock, valued at approximately $932,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FBND. Waverly Advisors LLC boosted its holdings in shares of Fidelity Total Bond ETF by 521.8% in the 2nd quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock valued at $174,526,000 after purchasing an additional 3,219,570 shares in the last quarter. Sax Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 2,236,473 shares during the last quarter. Legacy Wealth Management LLC increased its stake in shares of 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 valued at $249,987,000 after purchasing an additional 1,995,732 shares during the last quarter. Modern Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 38.3% during the 1st quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock worth $228,764,000 after buying an additional 1,388,283 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Fidelity Total Bond ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after buying an additional 930,834 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.3%

Shares of FBND stock opened at $44.16 on Friday. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.78. The company has a market cap of $28.47 billion, a P/E ratio of 8.94 and a beta of 0.28. The business has a fifty day simple moving average of $44.09 and a 200 day simple moving average of $45.27.

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.