Private Wealth Asset Management LLC Acquires New Shares in Fidelity Total Bond ETF $FBND

Private Wealth Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,721 shares of the company’s stock, valued at approximately $170,000.

A number of other institutional investors have also made changes to their positions in the business. Sound Income Strategies LLC boosted its holdings in Fidelity Total Bond ETF by 63.1% in the 1st 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. Inscription Capital LLC bought a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at about $283,000. Lion Street Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the first quarter worth about $431,000. Capital Wealth Management LLC increased its stake in Fidelity Total Bond ETF by 13.8% during the first quarter. Capital Wealth Management LLC now owns 351,821 shares of the company’s stock valued at $16,061,000 after acquiring an additional 42,592 shares during the period. Finally, Accelerate Investment Advisors LLC raised its holdings in Fidelity Total Bond ETF by 3.2% in the 1st quarter. Accelerate Investment Advisors LLC now owns 133,516 shares of the company’s stock valued at $6,095,000 after acquiring an additional 4,123 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $46.57 on Thursday. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.82. The company has a market capitalization of $21.59 billion, a P/E ratio of 8.94 and a beta of 0.17. The stock has a 50 day moving average of $46.19 and a two-hundred day moving average of $45.64.

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.