Octavia Wealth Advisors LLC Acquires 134,935 Shares of Fidelity Total Bond ETF $FBND

Octavia Wealth Advisors LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,053,945 shares of the company’s stock after purchasing an additional 134,935 shares during the quarter. Fidelity Total Bond ETF comprises approximately 8.1% of Octavia Wealth Advisors LLC’s holdings, making the stock its 3rd largest position. Octavia Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $93,780,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Dupree Financial Group LLC lifted its position in shares of Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock worth $651,000 after buying an additional 219 shares during the last quarter. Signature Equity Partners LLC grew its position in Fidelity Total Bond ETF by 5.4% in the first quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock valued at $216,000 after acquiring an additional 244 shares during the last quarter. Insight Advisors LLC PA boosted its stake in shares of Fidelity Total Bond ETF by 1.6% in the 1st quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock valued at $821,000 after purchasing an additional 291 shares in the last quarter. Keystone Financial Group boosted its position in Fidelity Total Bond ETF by 3.1% in the third quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock valued at $477,000 after buying an additional 315 shares in the last quarter. Finally, Archer Investment Corp increased its holdings in shares of Fidelity Total Bond ETF by 17.2% during the first quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock worth $101,000 after buying an additional 325 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $44.91 on Thursday. Fidelity Total Bond ETF has a 52 week low of $44.65 and a 52 week high of $46.86. The stock has a fifty day moving average of $45.27 and a 200-day moving average of $45.68. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.