Opes Wealth Management LLC Buys 10,670 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Opes Wealth Management LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,401 shares of the company’s stock after buying an additional 10,670 shares during the quarter. Fidelity Total Bond ETF accounts for about 1.8% of Opes Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Opes Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $8,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Valmark Advisers Inc. lifted its position in shares of Fidelity Total Bond ETF by 27.2% during the 4th quarter. Valmark Advisers Inc. now owns 210,966 shares of the company’s stock worth $9,466,000 after buying an additional 45,167 shares during the period. Tcfg Wealth Management LLC increased its holdings in Fidelity Total Bond ETF by 59.1% during the 4th quarter. Tcfg Wealth Management LLC now owns 6,958 shares of the company’s stock valued at $312,000 after purchasing an additional 2,586 shares in the last quarter. Kuhn & Co Investment Counsel increased its holdings in Fidelity Total Bond ETF by 2.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 31,667 shares of the company’s stock valued at $1,421,000 after purchasing an additional 863 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $4,881,000. Finally, Allworth Financial LP increased its holdings in Fidelity Total Bond ETF by 84.2% during the 4th quarter. Allworth Financial LP now owns 412,337 shares of the company’s stock valued at $18,551,000 after purchasing an additional 188,501 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.32 on Friday. The business has a fifty day moving average price of $45.09 and a 200 day moving average price of $45.81. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The stock has a market capitalization of $9.04 billion, a price-to-earnings 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.