Fidelity Total Bond ETF $FBND Stake Raised by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 49.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,727,943 shares of the company’s stock after acquiring an additional 2,236,473 shares during the quarter. Fidelity Total Bond ETF makes up about 8.3% of Sax Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Sax Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $291,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after acquiring an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after buying an additional 587,351 shares during the period. Cetera Investment Advisers raised its holdings in shares of Fidelity Total Bond ETF by 15.9% during the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after acquiring an additional 930,834 shares during the period. Quotient Wealth Partners LLC boosted its stake in Fidelity Total Bond ETF by 32.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after purchasing an additional 1,609,056 shares during the period. Finally, Legacy Wealth Management LLC raised its stake in Fidelity Total Bond ETF by 57.0% during the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after purchasing an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND traded up $0.01 during trading hours on Tuesday, hitting $43.48. 1,446,906 shares of the company’s stock traded hands, compared to its average volume of 3,140,317. The stock’s fifty day moving average price is $44.38 and its two-hundred day moving average price is $45.10. The firm has a market cap of $28.03 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.86.

About Fidelity Total Bond ETF

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.