Valeo Financial Advisors LLC Has $76.20 Million Position in Fidelity Total Bond ETF $FBND

Valeo Financial Advisors LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,757,004 shares of the company’s stock after buying an additional 83,511 shares during the period. Fidelity Total Bond ETF accounts for about 1.7% of Valeo Financial Advisors LLC’s portfolio, making the stock its 15th largest holding. Valeo Financial Advisors LLC owned about 0.34% of Fidelity Total Bond ETF worth $76,199,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Advisor OS LLC increased its stake in Fidelity Total Bond ETF by 21.4% in the 4th quarter. Advisor OS LLC now owns 88,000 shares of the company’s stock valued at $4,052,000 after buying an additional 15,508 shares during the last quarter. Dogwood Wealth Management LLC increased its stake in Fidelity Total Bond ETF by 15.9% in the 4th quarter. Dogwood Wealth Management LLC now owns 375,669 shares of the company’s stock valued at $17,396,000 after buying an additional 51,459 shares during the last quarter. NewEdge Wealth LLC increased its stake in shares of Fidelity Total Bond ETF by 37.0% during the 4th quarter. NewEdge Wealth LLC now owns 136,201 shares of the company’s stock worth $6,271,000 after purchasing an additional 36,761 shares during the last quarter. Indie Asset Partners LLC increased its stake in shares of Fidelity Total Bond ETF by 26.4% during the 4th quarter. Indie Asset Partners LLC now owns 20,786 shares of the company’s stock worth $957,000 after purchasing an additional 4,341 shares during the last quarter. Finally, CGC Financial Services LLC increased its stake in shares of Fidelity Total Bond ETF by 15.9% during the 4th quarter. CGC Financial Services LLC now owns 7,218 shares of the company’s stock worth $332,000 after purchasing an additional 992 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.75 on Monday. The firm has a market capitalization of $25.63 billion, a PE ratio of 8.94 and a beta of 0.28. The company’s 50-day moving average is $45.89 and its 200-day moving average is $46.17. Fidelity Total Bond ETF has a fifty-two week low of $44.73 and a fifty-two week high of $46.86.

About Fidelity Total Bond ETF

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.