Fidelity Total Bond ETF $FBND Shares Purchased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,154,583 shares of the company’s stock after purchasing an additional 40,201 shares during the period. Fidelity Total Bond ETF accounts for about 5.8% of McGlone Suttner Wealth Management Inc.’s portfolio, making the stock its 5th largest position. McGlone Suttner Wealth Management Inc. owned about 0.18% of Fidelity Total Bond ETF worth $49,993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FBND. Waverly Advisors LLC grew its position in 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 worth $174,526,000 after purchasing an additional 3,219,570 shares during the last quarter. Align Financial LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth $141,726,000. Sax Wealth Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 49.8% in the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after buying an additional 2,236,473 shares during the last quarter. Legacy Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after buying an additional 1,995,732 shares during the last quarter. Finally, Quotient Wealth Partners LLC lifted its stake in shares of Fidelity Total Bond ETF by 32.9% during 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 period.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of NYSEARCA:FBND traded up $0.04 on Tuesday, hitting $43.51. 1,572,088 shares of the company were exchanged, compared to its average volume of 3,141,064. Fidelity Total Bond ETF has a 1-year low of $43.11 and a 1-year high of $46.86. The stock’s 50 day moving average price is $44.38 and its 200 day moving average price is $45.10. The firm has a market capitalization of $28.05 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.