Valmark Advisers Inc. Purchases 16,642 Shares of Fidelity Total Bond ETF $FBND

Valmark Advisers Inc. increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 278,215 shares of the company’s stock after buying an additional 16,642 shares during the period. Valmark Advisers Inc. owned 0.07% of Fidelity Total Bond ETF worth $12,728,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FBND. PFG Investments LLC boosted its holdings 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 purchasing an additional 282 shares during the period. Bogart Wealth LLC boosted its holdings in Fidelity Total Bond ETF by 23.3% in the 1st quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock valued at $72,000 after purchasing an additional 297 shares during the period. Sound Income Strategies LLC boosted its holdings in Fidelity Total Bond ETF by 63.1% in the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares during the period. Kraft Davis & Associates LLC boosted its holdings in Fidelity Total Bond ETF by 2.8% in the 1st quarter. Kraft Davis & Associates LLC now owns 12,509 shares of the company’s stock valued at $562,000 after purchasing an additional 338 shares during the period. Finally, Legacy Solutions LLC boosted its holdings in Fidelity Total Bond ETF by 0.8% in the 2nd quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock valued at $2,247,000 after purchasing an additional 382 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $46.32 on Wednesday. The company has a 50-day moving average of $46.11 and a 200-day moving average of $45.60. The company has a market capitalization of $21.27 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week 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.