Gaddis Premier Wealth Advisors LLC Acquires New Position in Fidelity Total Bond ETF $FBND

Gaddis Premier Wealth Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 37,251 shares of the company’s stock, valued at approximately $1,715,000. Fidelity Total Bond ETF comprises 1.3% of Gaddis Premier Wealth Advisors LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of FBND. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity Total Bond ETF by 3.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after acquiring an additional 3,390,440 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares during the period. Dynasty Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF by 30.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after acquiring an additional 1,993,799 shares during the period. LPL Financial LLC lifted its position in shares of Fidelity Total Bond ETF by 25.2% during the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after acquiring an additional 1,887,404 shares during the period. Finally, Quotient Wealth Partners LLC lifted its position in shares of Fidelity Total Bond ETF by 39.8% during the 4th quarter. Quotient Wealth Partners LLC now owns 4,892,228 shares of the company’s stock valued at $225,238,000 after acquiring an additional 1,393,081 shares during the period.

Fidelity Total Bond ETF Trading Down 0.1%

FBND stock opened at $45.26 on Tuesday. The firm has a 50 day moving average of $45.62 and a 200-day moving average of $46.00. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The company has a market cap of $25.36 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.