Fidelity Total Bond ETF $FBND Stock Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 49.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,727,943 shares of the company’s stock after purchasing an additional 2,236,473 shares during the period. Fidelity Total Bond ETF comprises approximately 8.3% of Sax Wealth Advisors LLC’s holdings, making the stock its 2nd largest holding. Sax Wealth Advisors LLC owned about 1.04% of Fidelity Total Bond ETF worth $291,320,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in Fidelity Total Bond ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after buying an additional 871,672 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity Total Bond ETF by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after purchasing an additional 587,351 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Fidelity Total Bond ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after purchasing an additional 930,834 shares during the last quarter. Quotient Wealth Partners LLC grew its stake in Fidelity Total Bond ETF by 32.9% during the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after buying an additional 1,609,056 shares during the last quarter. Finally, Legacy Wealth Management LLC increased its position in Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after buying an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock traded up $0.01 during trading on Tuesday, hitting $43.48. 1,446,906 shares of the stock were exchanged, compared to its average volume of 3,140,317. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86. The stock’s fifty day moving average is $44.38 and its 200 day moving average is $45.10. The stock has a market cap of $28.03 billion, a PE ratio of 8.94 and a beta of 0.28.

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.