Octavia Wealth Advisors LLC Increases Stake in Fidelity Total Bond ETF $FBND

Octavia Wealth Advisors LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,562,280 shares of the company’s stock after purchasing an additional 101,339 shares during the quarter. Fidelity Total Bond ETF comprises about 7.2% of Octavia Wealth Advisors LLC’s holdings, making the stock its 3rd biggest holding. Octavia Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $72,502,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. increased its position in Fidelity Total Bond ETF by 1,502.9% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 253,412 shares of the company’s stock valued at $11,718,000 after acquiring an additional 237,602 shares in the last quarter. GWN Securities Inc. grew its stake in shares of Fidelity Total Bond ETF by 1.3% during the third quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock valued at $1,017,000 after purchasing an additional 277 shares during the last quarter. Retirement Planning Group LLC grew its stake in shares of Fidelity Total Bond ETF by 9.7% during the third quarter. Retirement Planning Group LLC now owns 2,290,307 shares of the company’s stock valued at $105,904,000 after purchasing an additional 202,815 shares during the last quarter. Financial Synergies Wealth Advisors Inc. increased its holdings in shares of Fidelity Total Bond ETF by 12.5% in the third quarter. Financial Synergies Wealth Advisors Inc. now owns 123,894 shares of the company’s stock valued at $5,729,000 after purchasing an additional 13,746 shares in the last quarter. Finally, Clarity Asset Management Inc. increased its holdings in shares of Fidelity Total Bond ETF by 85.7% in the third quarter. Clarity Asset Management Inc. now owns 2,281 shares of the company’s stock valued at $105,000 after purchasing an additional 1,053 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $46.27 on Thursday. The company has a market cap of $23.75 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock’s fifty day moving average price is $46.29 and its two-hundred day moving average price is $46.15. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week 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.