Octavia Wealth Advisors LLC Boosts Holdings in Fidelity Total Bond ETF $FBND

Octavia Wealth Advisors LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,562,280 shares of the company’s stock after acquiring an additional 101,339 shares during the period. Fidelity Total Bond ETF makes up approximately 7.2% of Octavia Wealth Advisors LLC’s holdings, making the stock its 3rd largest holding. Octavia Wealth Advisors LLC owned approximately 0.33% of Fidelity Total Bond ETF worth $72,502,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Fidelity Total Bond ETF by 63.1% during the first quarter. Geneos Wealth Management Inc. now owns 3,610 shares of the company’s stock valued at $165,000 after purchasing an additional 1,397 shares during the period. Post Resch Tallon Group Inc. boosted its stake in Fidelity Total Bond ETF by 2.4% during the second quarter. Post Resch Tallon Group Inc. now owns 22,616 shares of the company’s stock worth $1,035,000 after buying an additional 530 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in Fidelity Total Bond ETF by 6.0% in the 2nd quarter. Chesley Taft & Associates LLC now owns 89,400 shares of the company’s stock valued at $4,090,000 after buying an additional 5,100 shares during the period. Kearns & Associates LLC acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at $710,000. Finally, Lineweaver Wealth Advisors LLC raised its position in Fidelity Total Bond ETF by 9.7% in the second quarter. Lineweaver Wealth Advisors LLC now owns 658,428 shares of the company’s stock worth $30,123,000 after purchasing an additional 58,414 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.2%

FBND stock opened at $46.27 on Thursday. The business’s 50 day moving average is $46.29 and its 200-day moving average is $46.15. The firm has a market cap of $23.75 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86.

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.