Valeo Financial Advisors LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 322.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 942,475 shares of the company’s stock after acquiring an additional 719,592 shares during the period. Fidelity Total Bond ETF comprises 1.1% of Valeo Financial Advisors LLC’s holdings, making the stock its 21st biggest position. Valeo Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $42,289,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter worth about $30,000. Highline Wealth Partners LLC acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter worth about $47,000. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter worth about $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter worth about $87,000.
Fidelity Total Bond ETF Trading Up 0.4 %
Shares of NYSEARCA:FBND opened at $45.32 on Friday. The firm has a 50 day moving average of $45.10 and a 200-day moving average of $45.81. The stock has a market capitalization of $9.04 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month 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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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