Valmark Advisers Inc. Acquires 29,148 Shares of Fidelity Total Bond ETF $FBND

Valmark Advisers Inc. boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 405,292 shares of the company’s stock after buying an additional 29,148 shares during the quarter. Valmark Advisers Inc. owned about 0.07% of Fidelity Total Bond ETF worth $18,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new stake in Fidelity Total Bond ETF during the first quarter worth approximately $25,000. Rialto Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $37,000. Finally, Key Capital Management INC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $49,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND traded down $0.03 during trading hours on Friday, hitting $45.25. 2,903,796 shares of the stock were exchanged, compared to its average volume of 2,808,518. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The company’s 50 day moving average is $45.48 and its 200 day moving average is $45.87. The firm has a market capitalization of $26.88 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.