Fidelity Total Bond ETF (NYSEARCA:FBND) is Wealth Management Resources Inc.’s 2nd Largest Position

Wealth Management Resources Inc. boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 634,482 shares of the company’s stock after purchasing an additional 24,998 shares during the period. Fidelity Total Bond ETF comprises 10.5% of Wealth Management Resources Inc.’s holdings, making the stock its 2nd largest position. Wealth Management Resources Inc.’s holdings in Fidelity Total Bond ETF were worth $28,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FBND. PNC Financial Services Group Inc. purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $25,000. First Pacific Financial bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth approximately $25,000. NBC Securities Inc. purchased a new position in Fidelity Total Bond ETF in the first quarter valued at approximately $28,000. Lindbrook Capital LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at approximately $32,000. Finally, Sound Income Strategies LLC grew its holdings in Fidelity Total Bond ETF by 63.1% during the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $45.72 on Thursday. The firm has a market cap of $18.86 billion, a PE ratio of 8.94 and a beta of 0.26. The stock’s fifty day moving average price is $45.23 and its two-hundred day moving average price is $45.26. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $47.30.

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.