Valeo Financial Advisors LLC Has $76.20 Million Stock Holdings in Fidelity Total Bond ETF $FBND

Valeo Financial Advisors LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,757,004 shares of the company’s stock after purchasing an additional 83,511 shares during the quarter. Fidelity Total Bond ETF comprises 1.7% of Valeo Financial Advisors LLC’s portfolio, making the stock its 15th biggest holding. Valeo Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $76,199,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings 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 worth $4,139,273,000 after buying an additional 3,390,440 shares during the period. Bank of America Corp DE boosted its holdings in shares of Fidelity Total Bond ETF by 5.6% during the 3rd 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 during the period. Sagespring Wealth Partners LLC boosted its holdings in shares of Fidelity Total Bond ETF by 3.2% during the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after buying an additional 311,221 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Total Bond ETF by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock worth $425,381,000 after buying an additional 445,810 shares during the period. Finally, Dynasty Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 13.4% during the 3rd 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.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.75 on Monday. The company has a market capitalization of $25.63 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The company has a 50-day simple moving average of $45.89 and a 200 day simple moving average of $46.17. Fidelity Total Bond ETF has a 52 week low of $44.73 and a 52 week high of $46.86.

Fidelity Total Bond ETF Company 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.