WNY Asset Management LLC Takes $9.47 Million Position in Fidelity Total Bond ETF $FBND

WNY Asset Management LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the first quarter, HoldingsChannel reports. The firm acquired 207,556 shares of the company’s stock, valued at approximately $9,469,000. Fidelity Total Bond ETF makes up about 1.0% of WNY Asset Management LLC’s holdings, making the stock its 19th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF during the first quarter valued at $25,000. Tucker Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth $37,000. Key Capital Management INC acquired a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth $49,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth $49,000.

Fidelity Total Bond ETF Stock Down 0.3%

Shares of Fidelity Total Bond ETF stock opened at $44.72 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.65 and a twelve month high of $46.86. The stock has a market cap of $26.95 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company’s fifty day moving average is $45.36 and its 200 day moving average is $45.75.

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.