USAdvisors Wealth Management LLC Acquires 11,423 Shares of Fidelity Total Bond ETF $FBND

USAdvisors Wealth Management LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.3% during the second quarter, Holdings Channel.com reports. The firm owned 228,960 shares of the company’s stock after buying an additional 11,423 shares during the period. Fidelity Total Bond ETF comprises about 3.9% of USAdvisors Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. USAdvisors Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $10,476,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. First Pacific Financial acquired a new position in shares of Fidelity Total Bond ETF in the 1st quarter valued at about $25,000. Fifth Third Bancorp bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $27,000. Tsfg LLC bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter valued at approximately $29,000. NBC Securities Inc. bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter valued at approximately $28,000. Finally, Sound Income Strategies LLC grew its stake in shares of Fidelity Total Bond ETF by 63.1% in the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after buying an additional 306 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $46.33 on Friday. The stock has a market cap of $21.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. The business has a 50 day simple moving average of $46.08 and a 200 day simple moving average of $45.60. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.75.

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.