Valley National Advisers Inc. Has $22.41 Million Position in Fidelity Total Bond ETF $FBND

Valley National Advisers Inc. lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 484,616 shares of the company’s stock after buying an additional 30,685 shares during the period. Fidelity Total Bond ETF comprises approximately 3.5% of Valley National Advisers Inc.’s portfolio, making the stock its 5th biggest holding. Valley National Advisers Inc.’s holdings in Fidelity Total Bond ETF were worth $22,408,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FBND. Insight Wealth Strategies LLC boosted its holdings in Fidelity Total Bond ETF by 1.6% in the 3rd quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock valued at $811,000 after purchasing an additional 281 shares during the period. AssuredPartners Investment Advisors LLC raised its position in shares of Fidelity Total Bond ETF by 1.8% during the third quarter. AssuredPartners Investment Advisors LLC now owns 17,722 shares of the company’s stock valued at $819,000 after buying an additional 311 shares during the last quarter. Legacy Solutions LLC lifted its stake in shares of Fidelity Total Bond ETF by 0.8% in the second 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. Benchmark Financial Wealth Advisors LLC grew its position in Fidelity Total Bond ETF by 3.5% during the second quarter. Benchmark Financial Wealth Advisors LLC now owns 12,939 shares of the company’s stock worth $592,000 after buying an additional 442 shares in the last quarter. Finally, Cozad Asset Management Inc. grew its position in Fidelity Total Bond ETF by 0.7% during the second quarter. Cozad Asset Management Inc. now owns 67,218 shares of the company’s stock worth $3,075,000 after buying an additional 455 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.0%

Shares of FBND opened at $46.39 on Friday. The stock’s 50-day moving average price is $46.41 and its 200 day moving average price is $46.09. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month 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.