Valmark Advisers Inc. Boosts Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Valmark Advisers Inc. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 32.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 192,038 shares of the company’s stock after acquiring an additional 46,501 shares during the period. Valmark Advisers Inc. owned approximately 0.20% of Fidelity Total Bond ETF worth $8,841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Fidelity Total Bond ETF by 2,874.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock valued at $130,996,000 after acquiring an additional 2,906,069 shares during the last quarter. Legacy Wealth Management Inc purchased a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $120,780,000. UBS Group AG raised its stake in Fidelity Total Bond ETF by 9.8% during the 3rd quarter. UBS Group AG now owns 2,421,460 shares of the company’s stock valued at $105,479,000 after acquiring an additional 216,582 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF by 12.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,189,941 shares of the company’s stock valued at $100,825,000 after buying an additional 237,581 shares during the period. Finally, Blue Chip Partners LLC lifted its holdings in shares of Fidelity Total Bond ETF by 8,501.0% in the 3rd quarter. Blue Chip Partners LLC now owns 2,153,777 shares of the company’s stock valued at $93,819,000 after buying an additional 2,128,736 shares during the period.

Fidelity Total Bond ETF Trading Up 0.3 %

Shares of FBND traded up $0.14 during mid-day trading on Friday, hitting $44.09. The company’s stock had a trading volume of 827,280 shares, compared to its average volume of 1,307,102. The firm has a 50-day simple moving average of $44.95 and a 200 day simple moving average of $44.82. The firm has a market capitalization of $8.74 billion, a P/E ratio of 8.76 and a beta of 0.15. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $46.34.

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.