Valmark Advisers Inc. Has $18.49 Million Holdings in Fidelity Total Bond ETF $FBND

Valmark Advisers Inc. grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 405,292 shares of the company’s stock after acquiring an additional 29,148 shares during the quarter. Valmark Advisers Inc.’s holdings in Fidelity Total Bond ETF were worth $18,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity Total Bond ETF by 3.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after purchasing an additional 2,925,667 shares during the period. Morgan Stanley lifted its stake in shares of Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after buying an additional 4,830,198 shares during the period. Bank of America Corp DE grew its position in Fidelity Total Bond ETF by 5.6% during the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after buying an additional 683,930 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Fidelity Total Bond ETF by 25.8% during the fourth 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. Finally, Sagespring Wealth Partners LLC raised its holdings in Fidelity Total Bond ETF by 3.2% in the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after acquiring an additional 311,221 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND traded down $0.03 during trading on Friday, hitting $45.25. 2,903,796 shares of the stock were exchanged, compared to its average volume of 2,808,518. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company’s fifty day simple moving average is $45.48 and its 200-day simple moving average is $45.87.

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.