Valley Wealth Managers Inc. Grows Stock Holdings in Fidelity Total Bond ETF $FBND

Valley Wealth Managers Inc. boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 149.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 62,724 shares of the company’s stock after buying an additional 37,588 shares during the period. Valley Wealth Managers Inc.’s holdings in Fidelity Total Bond ETF were worth $2,888,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dupree Financial Group LLC boosted its stake in shares of Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock worth $651,000 after acquiring an additional 219 shares during the period. Quadrant Capital Group LLC raised its stake in Fidelity Total Bond ETF by 0.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after purchasing an additional 220 shares during the period. RWA Wealth Partners LLC raised its stake in Fidelity Total Bond ETF by 2.6% during the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after purchasing an additional 241 shares during the period. GWN Securities Inc. lifted its holdings in Fidelity Total Bond ETF by 1.3% in the 3rd quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock worth $1,017,000 after purchasing an additional 277 shares in the last quarter. Finally, Capital CS Group LLC lifted its holdings in Fidelity Total Bond ETF by 4.8% in the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock worth $288,000 after purchasing an additional 286 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.63 on Tuesday. Fidelity Total Bond ETF has a 1-year low of $44.73 and a 1-year high of $46.86. The business has a 50 day simple moving average of $45.86 and a two-hundred day simple moving average of $46.15. The company has a market capitalization of $25.57 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.