Valley Wealth Managers Inc. Buys 70,493 Shares of Fidelity Total Bond ETF $FBND

Valley Wealth Managers Inc. grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 93.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,662 shares of the company’s stock after buying an additional 70,493 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Fidelity Total Bond ETF were worth $6,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Waverly Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 521.8% during the 2nd quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock valued at $174,526,000 after purchasing an additional 3,219,570 shares during the period. Align Financial LLC bought a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $141,726,000. Legacy Wealth Management LLC lifted its stake in shares of Fidelity Total Bond ETF by 57.0% in the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after purchasing an additional 1,995,732 shares during the period. Quotient Wealth Partners LLC boosted its holdings in shares of Fidelity Total Bond ETF by 32.9% in the first quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after buying an additional 1,609,056 shares during the last quarter. Finally, Modern Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 38.3% in the first quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock worth $228,764,000 after buying an additional 1,388,283 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $43.45 on Friday. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.86. The firm has a market capitalization of $28.01 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm has a 50 day moving average of $44.41 and a 200 day moving average of $45.12.

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.