Valmark Advisers Inc. Raises Stock Position in Fidelity Total Bond ETF $FBND

Valmark Advisers Inc. lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 32.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,244 shares of the company’s stock after acquiring an additional 91,029 shares during the quarter. Valmark Advisers Inc. owned about 0.08% of Fidelity Total Bond ETF worth $17,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after purchasing an additional 4,963,926 shares during the period. Gallagher Fiduciary Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 4,220.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after buying an additional 1,970,997 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Fidelity Total Bond ETF by 64.3% during the 2nd quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock valued at $165,200,000 after buying an additional 1,412,766 shares during the period. Sax Wealth Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 41.4% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock valued at $120,997,000 after buying an additional 774,471 shares during the period. Finally, Bleakley Financial Group LLC acquired a new position in Fidelity Total Bond ETF during the 2nd quarter worth approximately $35,221,000.

Fidelity Total Bond ETF Stock Up 0.2%

NYSEARCA FBND opened at $46.18 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86. The business has a 50 day moving average price of $46.30 and a two-hundred day moving average price of $46.14. The stock has a market cap of $23.54 billion, a PE ratio of 8.94 and a beta of 0.28.

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.