Fidelity Total Bond ETF (NYSEARCA:FBND) is Lineweaver Wealth Advisors LLC’s 3rd Largest Position

Lineweaver Wealth Advisors LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 563,975 shares of the company’s stock after acquiring an additional 34,466 shares during the period. Fidelity Total Bond ETF accounts for approximately 4.7% of Lineweaver Wealth Advisors LLC’s holdings, making the stock its 3rd biggest holding. Lineweaver Wealth Advisors LLC owned 0.28% of Fidelity Total Bond ETF worth $25,316,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FBND. NewEdge Wealth LLC boosted its position in Fidelity Total Bond ETF by 69.8% during the 4th quarter. NewEdge Wealth LLC now owns 38,818 shares of the company’s stock valued at $1,742,000 after acquiring an additional 15,952 shares in the last quarter. Riverpoint Wealth Management Holdings LLC lifted its stake in shares of Fidelity Total Bond ETF by 24.6% in the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 449,168 shares of the company’s stock valued at $20,154,000 after purchasing an additional 88,820 shares during the period. CPA Asset Management LLC lifted its stake in shares of Fidelity Total Bond ETF by 4.4% in the 4th quarter. CPA Asset Management LLC now owns 591,155 shares of the company’s stock valued at $26,525,000 after purchasing an additional 25,081 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $78,895,000. Finally, Transcendent Capital Group LLC grew its stake in Fidelity Total Bond ETF by 11.1% in the fourth quarter. Transcendent Capital Group LLC now owns 34,705 shares of the company’s stock worth $1,557,000 after purchasing an additional 3,476 shares during the period.

Fidelity Total Bond ETF Trading Up 0.2 %

FBND opened at $45.88 on Thursday. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock has a fifty day simple moving average of $45.06 and a two-hundred day simple moving average of $45.77. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30.

Fidelity Total Bond ETF 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.