TradeWell Securities LLC. Purchases New Stake in Fidelity Total Bond ETF $FBND

TradeWell Securities LLC. acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,338 shares of the company’s stock, valued at approximately $621,000.

A number of other hedge funds have also recently added to or reduced their stakes in FBND. Bank of America Corp DE increased its stake in Fidelity Total Bond ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after purchasing 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 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after buying an additional 587,351 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Fidelity Total Bond ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after buying an additional 930,834 shares during the period. Sax Wealth Advisors LLC boosted its holdings in shares of Fidelity Total Bond ETF by 49.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after buying an additional 2,236,473 shares during the period. Finally, Legacy Wealth Management LLC grew its position in shares of 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 buying an additional 1,995,732 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND traded up $0.04 during trading on Wednesday, reaching $43.80. 1,423,535 shares of the company’s stock traded hands, compared to its average volume of 3,178,765. The stock has a market capitalization of $28.24 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86. The company has a 50 day moving average of $44.23 and a 200-day moving average of $45.02.

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.