Financial Synergies Wealth Advisors Inc. Acquires 13,746 Shares of Fidelity Total Bond ETF $FBND

Financial Synergies Wealth Advisors Inc. grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 123,894 shares of the company’s stock after purchasing an additional 13,746 shares during the quarter. Fidelity Total Bond ETF comprises about 0.6% of Financial Synergies Wealth Advisors Inc.’s investment portfolio, making the stock its 22nd largest position. Financial Synergies Wealth Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $5,729,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after buying an additional 4,963,926 shares during the last quarter. Bank of America Corp DE grew its holdings in Fidelity Total Bond ETF by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after acquiring an additional 629,015 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in Fidelity Total Bond ETF by 1.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock valued at $445,319,000 after acquiring an additional 177,177 shares in the last quarter. Country Trust Bank raised its stake in shares of Fidelity Total Bond ETF by 3.3% in the second quarter. Country Trust Bank now owns 6,186,144 shares of the company’s stock worth $283,016,000 after acquiring an additional 194,869 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Fidelity Total Bond ETF by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock worth $259,347,000 after acquiring an additional 571,082 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $46.13 on Tuesday. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company’s 50 day simple moving average is $46.30 and its 200-day simple moving average is $46.15. The stock has a market capitalization of $23.64 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.