Valley Wealth Managers Inc. Buys 6,257 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Valley Wealth Managers Inc. boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 28.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,116 shares of the company’s stock after buying an additional 6,257 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Fidelity Total Bond ETF were worth $1,262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC bought a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $30,000. Highline Wealth Partners LLC purchased a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $87,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.14 on Wednesday. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The company’s 50-day simple moving average is $45.08 and its two-hundred day simple moving average is $45.80. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30.

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.