Modera Wealth Management LLC Invests $1.17 Million in Fidelity Total Bond ETF $FBND

Modera Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,289 shares of the company’s stock, valued at approximately $1,169,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $27,000. Caldwell Trust Co acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter worth $34,000. Brown Lisle Cummings Inc. purchased a new position in Fidelity Total Bond ETF in the 2nd quarter valued at $38,000. Maryland Capital Advisors Inc. grew its position in Fidelity Total Bond ETF by 378.5% in the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after buying an additional 651 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Fidelity Total Bond ETF in the 2nd quarter valued at $49,000.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $46.16 on Monday. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company has a market cap of $23.84 billion, a P/E ratio of 8.94 and a beta of 0.28. The firm has a fifty day moving average of $46.26 and a two-hundred day moving average of $46.18.

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.