Fidelity Total Bond ETF $FBND Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,985,582 shares of the company’s stock after purchasing an additional 51,561 shares during the period. Fidelity Total Bond ETF comprises approximately 1.7% of Valeo Financial Advisors LLC’s holdings, making the stock its 14th biggest holding. Valeo Financial Advisors LLC owned 0.34% of Fidelity Total Bond ETF worth $85,326,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FBND. Cerity Partners LLC raised its holdings in shares of Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after acquiring an additional 32,071 shares during the last quarter. Betterment LLC boosted its stake in shares of Fidelity Total Bond ETF by 2.7% during the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after acquiring an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at $49,000. Graney & King LLC increased its position in Fidelity Total Bond ETF by 7.3% during the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after purchasing an additional 3,402 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Fidelity Total Bond ETF by 40.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after purchasing an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.2%

Shares of FBND stock opened at $45.00 on Friday. The company has a market capitalization of $27.26 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The firm has a 50-day moving average price of $45.31 and a 200 day moving average price of $45.70. Fidelity Total Bond ETF has a twelve month low of $44.65 and a twelve month high of $46.86.

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.