Salus Financial Advisors LLC Has $14.32 Million Stake in Fidelity Total Bond ETF $FBND

Salus Financial Advisors LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,851 shares of the company’s stock after buying an additional 15,910 shares during the period. Fidelity Total Bond ETF accounts for approximately 8.3% of Salus Financial Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Salus Financial Advisors LLC owned 0.06% of Fidelity Total Bond ETF worth $14,318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FBND. Cerity Partners LLC increased its holdings in shares of Fidelity Total Bond ETF by 400.5% in the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after acquiring an additional 32,071 shares during the period. Betterment LLC grew its position in Fidelity Total Bond ETF by 2.7% in the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after purchasing an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 2nd quarter worth about $49,000. Graney & King LLC increased its stake in shares of Fidelity Total Bond ETF by 7.3% in the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after purchasing an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Fidelity Total Bond ETF by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after purchasing an additional 1,924 shares during the period.

Fidelity Total Bond ETF Trading Down 0.4%

FBND opened at $45.49 on Wednesday. The business’s 50 day moving average is $45.56 and its 200-day moving average is $45.91. The stock has a market cap of $25.49 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month 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.