Valley Wealth Managers Inc. Boosts Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Valley Wealth Managers Inc. lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 28.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,116 shares of the company’s stock after buying an additional 6,257 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Fidelity Total Bond ETF were worth $1,262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC grew its position in shares of Fidelity Total Bond ETF by 2.6% in the 4th quarter. Kestra Investment Management LLC now owns 466,733 shares of the company’s stock worth $20,942,000 after buying an additional 11,913 shares during the last quarter. Beta Wealth Group Inc. grew its position in shares of Fidelity Total Bond ETF by 6.3% in the 4th quarter. Beta Wealth Group Inc. now owns 501,904 shares of the company’s stock worth $22,520,000 after buying an additional 29,814 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in shares of Fidelity Total Bond ETF by 17.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 337,452 shares of the company’s stock worth $15,221,000 after buying an additional 51,269 shares during the last quarter. Truist Financial Corp grew its position in shares of Fidelity Total Bond ETF by 1.7% in the 4th quarter. Truist Financial Corp now owns 197,860 shares of the company’s stock worth $8,878,000 after buying an additional 3,213 shares during the last quarter. Finally, Pittenger & Anderson Inc. grew its position in shares of Fidelity Total Bond ETF by 21.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 31,180 shares of the company’s stock worth $1,399,000 after buying an additional 5,403 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.4 %

NYSEARCA:FBND opened at $45.14 on Wednesday. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The company has a market cap of $9.01 billion, a PE ratio of 8.85 and a beta of 0.19. The company’s 50 day moving average is $45.08 and its two-hundred day moving average is $45.80.

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.