Modera Wealth Management LLC Purchases New Stake in Fidelity Total Bond ETF $FBND

Modera Wealth Management LLC acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,289 shares of the company’s stock, valued at approximately $1,169,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Total Bond ETF by 6.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after purchasing an additional 4,963,926 shares during the period. Gallagher Fiduciary Advisors LLC lifted its stake in shares of Fidelity Total Bond ETF by 4,220.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after purchasing an additional 1,970,997 shares during the period. Ritholtz Wealth Management boosted its holdings in Fidelity Total Bond ETF by 64.3% during the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock worth $165,200,000 after buying an additional 1,412,766 shares in the last quarter. Dynasty Wealth Management LLC grew its position in Fidelity Total Bond ETF by 13.4% during the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after buying an additional 786,693 shares during the period. Finally, Sax Wealth Advisors LLC grew its position in Fidelity Total Bond ETF by 41.4% during the second quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock worth $120,997,000 after buying an additional 774,471 shares during the period.

Fidelity Total Bond ETF Trading Up 0.1%

FBND stock opened at $46.16 on Monday. The firm has a 50 day moving average of $46.26 and a 200-day moving average of $46.18. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The company has a market cap of $23.84 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.