Valeo Financial Advisors LLC Grows Holdings in Fidelity Total Bond ETF $FBND

Valeo Financial Advisors LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,496,969 shares of the company’s stock after buying an additional 170,617 shares during the period. Valeo Financial Advisors LLC owned approximately 0.35% of Fidelity Total Bond ETF worth $62,896,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. First Pacific Financial acquired a new stake in Fidelity Total Bond ETF during the 1st quarter valued at approximately $25,000. Fifth Third Bancorp acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $27,000. Tsfg LLC acquired a new stake in shares of Fidelity Total Bond ETF during the first quarter worth approximately $29,000. NBC Securities Inc. acquired a new stake in Fidelity Total Bond ETF in the first quarter valued at $28,000. Finally, Sound Income Strategies LLC boosted its stake in Fidelity Total Bond ETF by 63.1% during the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after acquiring an additional 306 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $46.33 on Monday. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. The company’s 50-day simple moving average is $46.08 and its 200-day simple moving average is $45.60. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.75.

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.