Fidelity Total Bond ETF $FBND Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,985,582 shares of the company’s stock after acquiring an additional 51,561 shares during the period. Fidelity Total Bond ETF comprises about 1.7% of Valeo Financial Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Valeo Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $85,326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cerity Partners LLC grew its stake in Fidelity Total Bond ETF by 400.5% during the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after purchasing an additional 32,071 shares in the last quarter. Betterment LLC raised its position in shares of Fidelity Total Bond ETF by 2.7% in the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after purchasing an additional 2,597 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the 2nd quarter valued at approximately $49,000. Graney & King LLC boosted its stake in shares of Fidelity Total Bond ETF by 7.3% during the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after buying an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after buying an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.2%

Shares of NYSEARCA:FBND opened at $45.00 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.65 and a 12-month high of $46.86. The firm has a market cap of $27.26 billion, a PE ratio of 8.94 and a beta of 0.27. The company has a fifty day simple moving average of $45.31 and a 200 day simple moving average of $45.70.

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.