Triangle Securities Wealth Management Raises Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Triangle Securities Wealth Management boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 49.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,077 shares of the company’s stock after buying an additional 13,964 shares during the quarter. Triangle Securities Wealth Management’s holdings in Fidelity Total Bond ETF were worth $1,888,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. TruWealth Advisors LLC grew its holdings in Fidelity Total Bond ETF by 44.6% during the fourth quarter. TruWealth Advisors LLC now owns 1,740,086 shares of the company’s stock worth $78,078,000 after acquiring an additional 536,547 shares during the period. Ameritas Advisory Services LLC boosted its position in Fidelity Total Bond ETF by 50.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 1,029,253 shares of the company’s stock worth $46,183,000 after purchasing an additional 345,964 shares in the last quarter. Financial & Tax Architects LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $12,754,000. CGN Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 34.8% during the 4th quarter. CGN Advisors LLC now owns 20,429 shares of the company’s stock valued at $917,000 after purchasing an additional 5,271 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of Fidelity Total Bond ETF by 139.7% during the 4th quarter. Arkadios Wealth Advisors now owns 67,383 shares of the company’s stock valued at $3,023,000 after purchasing an additional 39,270 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $44.92 on Friday. The company has a market capitalization of $8.96 billion, a PE ratio of 8.85 and a beta of 0.19. The company’s fifty day moving average price is $45.30 and its 200 day moving average price is $45.85. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

Fidelity Total Bond ETF Company 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.