Fidelity Total Bond ETF $FBND Shares Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 32.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 369,244 shares of the company’s stock after acquiring an additional 91,029 shares during the period. Valmark Advisers Inc.’s holdings in Fidelity Total Bond ETF were worth $17,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its position in Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after buying an additional 4,963,926 shares during the period. Gallagher Fiduciary Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 4,220.9% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after acquiring an additional 1,970,997 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Fidelity Total Bond ETF by 64.3% during the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock worth $165,200,000 after acquiring an additional 1,412,766 shares during the last quarter. Sax Wealth Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 41.4% in the 2nd quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock worth $120,997,000 after acquiring an additional 774,471 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at about $35,221,000.

Fidelity Total Bond ETF Stock Up 0.2%

Fidelity Total Bond ETF stock opened at $46.18 on Friday. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The firm has a market capitalization of $23.54 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm has a 50-day moving average price of $46.30 and a two-hundred day moving average price of $46.14.

Fidelity Total Bond ETF Profile

(Free Report)

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.

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