Sax Wealth Advisors LLC Buys 675,795 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Sax Wealth Advisors LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 94.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,394,635 shares of the company’s stock after buying an additional 675,795 shares during the quarter. Fidelity Total Bond ETF comprises 4.9% of Sax Wealth Advisors LLC’s portfolio, making the stock its 5th largest position. Sax Wealth Advisors LLC owned about 0.70% of Fidelity Total Bond ETF worth $62,577,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. FMR LLC increased its stake in Fidelity Total Bond ETF by 2.2% during the 3rd quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after buying an additional 267,811 shares during the period. JPMorgan Chase & Co. increased its position in shares of Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after acquiring an additional 520,113 shares during the last quarter. RFG Advisory LLC increased its position in shares of Fidelity Total Bond ETF by 9.6% during the third quarter. RFG Advisory LLC now owns 4,042,746 shares of the company’s stock worth $188,958,000 after acquiring an additional 353,138 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after acquiring an additional 3,461,472 shares in the last quarter. Finally, Legacy Wealth Management Inc boosted its holdings in Fidelity Total Bond ETF by 2.2% in the third quarter. Legacy Wealth Management Inc now owns 2,937,256 shares of the company’s stock valued at $137,287,000 after purchasing an additional 62,805 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.0 %

FBND stock opened at $44.92 on Friday. The stock’s 50 day moving average is $45.30 and its two-hundred day moving average is $45.84. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The company has a market capitalization of $8.96 billion, a PE ratio of 8.85 and a beta of 0.19.

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.