Fidelity Total Bond ETF $FBND is Axis Wealth Partners LLC’s 3rd Largest Position

Axis Wealth Partners LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,817 shares of the company’s stock after buying an additional 12,997 shares during the period. Fidelity Total Bond ETF comprises approximately 3.6% of Axis Wealth Partners LLC’s holdings, making the stock its 3rd largest holding. Axis Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $6,234,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. CGC Financial Services LLC increased its position in Fidelity Total Bond ETF by 20.1% during the 3rd quarter. CGC Financial Services LLC now owns 6,226 shares of the company’s stock valued at $288,000 after purchasing an additional 1,043 shares during the period. SilverOak Wealth Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 6.7% during the third quarter. SilverOak Wealth Management LLC now owns 149,522 shares of the company’s stock valued at $6,914,000 after purchasing an additional 9,339 shares in the last quarter. Sonoma Allocations LLC purchased a new position in Fidelity Total Bond ETF during the third quarter valued at approximately $13,588,000. Valmark Advisers Inc. raised its stake in Fidelity Total Bond ETF by 32.7% in the third quarter. Valmark Advisers Inc. now owns 369,244 shares of the company’s stock worth $17,074,000 after buying an additional 91,029 shares in the last quarter. Finally, Clarity Wealth Advisors LLC lifted its holdings in Fidelity Total Bond ETF by 17.8% during the third quarter. Clarity Wealth Advisors LLC now owns 178,977 shares of the company’s stock worth $8,276,000 after buying an additional 27,096 shares during the period.

Fidelity Total Bond ETF Trading Up 0.2%

Shares of NYSEARCA FBND opened at $46.18 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The stock’s fifty day simple moving average is $46.30 and its two-hundred day simple moving average is $46.14. The stock has a market capitalization of $23.67 billion, a PE ratio of 8.94 and a beta of 0.28.

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.