Fidelity Total Bond ETF $FBND Shares Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,496,969 shares of the company’s stock after purchasing an additional 170,617 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $62,896,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. PFG Investments LLC increased its position in Fidelity Total Bond ETF by 3.2% in the 1st quarter. PFG Investments LLC now owns 9,182 shares of the company’s stock valued at $419,000 after acquiring an additional 282 shares during the period. Bogart Wealth LLC grew its stake in shares of Fidelity Total Bond ETF by 23.3% in the first quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock worth $72,000 after purchasing an additional 297 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Fidelity Total Bond ETF by 63.1% in the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the period. Kraft Davis & Associates LLC increased its stake in Fidelity Total Bond ETF by 2.8% during the 1st quarter. Kraft Davis & Associates LLC now owns 12,509 shares of the company’s stock valued at $562,000 after buying an additional 338 shares during the period. Finally, Legacy Solutions LLC increased its stake in Fidelity Total Bond ETF by 0.8% during the 2nd quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock valued at $2,247,000 after buying an additional 382 shares during the period.

Fidelity Total Bond ETF Trading Down 0.2%

Shares of NYSEARCA:FBND opened at $46.33 on Monday. The company has a 50 day moving average of $46.08 and a 200-day moving average of $45.60. The firm has a market cap of $21.17 billion, a P/E ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.75.

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.