Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Bought by Williams & Novak LLC

Williams & Novak LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,973 shares of the company’s stock after acquiring an additional 53,375 shares during the quarter. Fidelity Total Bond ETF makes up approximately 10.7% of Williams & Novak LLC’s portfolio, making the stock its biggest position. Williams & Novak LLC owned 0.12% of Fidelity Total Bond ETF worth $11,127,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FBND. Southern Style Financial Inc. bought a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $15,820,000. RCS Financial Planning LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $12,844,000. Falcon Wealth Planning grew its stake in shares of Fidelity Total Bond ETF by 2.1% in the fourth quarter. Falcon Wealth Planning now owns 1,109,388 shares of the company’s stock worth $49,778,000 after purchasing an additional 22,470 shares during the last quarter. Investment Planning Advisors Inc. increased its holdings in Fidelity Total Bond ETF by 6.4% in the fourth quarter. Investment Planning Advisors Inc. now owns 225,245 shares of the company’s stock valued at $10,107,000 after purchasing an additional 13,498 shares during the period. Finally, Perigon Wealth Management LLC raised its position in Fidelity Total Bond ETF by 137.4% during the 4th quarter. Perigon Wealth Management LLC now owns 156,306 shares of the company’s stock worth $7,023,000 after purchasing an additional 90,470 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.1 %

Shares of FBND opened at $45.19 on Wednesday. The stock’s 50-day moving average price is $45.25 and its two-hundred day moving average price is $45.85. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The company has a market capitalization of $9.02 billion, a PE ratio of 8.85 and a beta of 0.19.

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.