Fidelity Total Bond ETF (NYSEARCA:FBND) is TruWealth Advisors LLC’s 4th Largest Position

TruWealth Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 44.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,740,086 shares of the company’s stock after buying an additional 536,547 shares during the quarter. Fidelity Total Bond ETF comprises approximately 4.7% of TruWealth Advisors LLC’s holdings, making the stock its 4th largest holding. TruWealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $78,078,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FBND. Ameritas Advisory Services LLC boosted its stake in shares of Fidelity Total Bond ETF by 50.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 1,029,253 shares of the company’s stock worth $46,183,000 after buying an additional 345,964 shares during the last quarter. Financial & Tax Architects LLC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter worth approximately $12,754,000. CGN Advisors LLC boosted its position in Fidelity Total Bond ETF by 34.8% in the 4th quarter. CGN Advisors LLC now owns 20,429 shares of the company’s stock worth $917,000 after purchasing an additional 5,271 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Fidelity Total Bond ETF by 139.7% during the 4th quarter. Arkadios Wealth Advisors now owns 67,383 shares of the company’s stock valued at $3,023,000 after purchasing an additional 39,270 shares in the last quarter. Finally, InTrack Investment Management Inc increased its holdings in shares of Fidelity Total Bond ETF by 41.9% during the 4th quarter. InTrack Investment Management Inc now owns 34,796 shares of the company’s stock valued at $1,546,000 after purchasing an additional 10,280 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $44.92 on Friday. The company has a market capitalization of $8.96 billion, a PE ratio of 8.85 and a beta of 0.19. The company’s fifty day moving average price is $45.30 and its 200 day moving average price is $45.85. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

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.