Diversify Wealth Management LLC Has $7.80 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Diversify Wealth Management LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 16.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,598 shares of the company’s stock after acquiring an additional 23,514 shares during the quarter. Diversify Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $7,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in Fidelity Total Bond ETF in the third quarter worth approximately $30,000. Transcendent Capital Group LLC bought a new stake in Fidelity Total Bond ETF in the second quarter worth about $32,000. Centerpoint Advisors LLC purchased a new position in Fidelity Total Bond ETF in the first quarter valued at approximately $37,000. Highline Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth $47,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $49,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND traded up $0.01 on Wednesday, hitting $45.61. The stock had a trading volume of 607,032 shares, compared to its average volume of 1,576,364. The firm has a 50-day moving average of $46.51 and a 200-day moving average of $45.65. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52-week low of $42.65 and a 52-week 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.