Wealthspan Partners LLC Grows Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Wealthspan Partners LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,093 shares of the company’s stock after buying an additional 17,544 shares during the quarter. Fidelity Total Bond ETF makes up about 1.9% of Wealthspan Partners LLC’s investment portfolio, making the stock its 13th largest position. Wealthspan Partners LLC’s holdings in Fidelity Total Bond ETF were worth $4,067,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of FBND. Tallon Kerry Patrick bought a new stake in Fidelity Total Bond ETF in the fourth quarter worth $999,000. Capital & Planning LLC increased its position in Fidelity Total Bond ETF by 122.1% in the fourth quarter. Capital & Planning LLC now owns 67,562 shares of the company’s stock worth $3,048,000 after purchasing an additional 37,149 shares during the last quarter. Truist Financial Corp increased its position in Fidelity Total Bond ETF by 1.7% in the fourth quarter. Truist Financial Corp now owns 197,860 shares of the company’s stock worth $8,878,000 after purchasing an additional 3,213 shares during the last quarter. Valley Wealth Managers Inc. increased its position in Fidelity Total Bond ETF by 28.6% in the fourth quarter. Valley Wealth Managers Inc. now owns 28,116 shares of the company’s stock worth $1,262,000 after purchasing an additional 6,257 shares during the last quarter. Finally, WestHill Financial Advisors Inc. increased its position in Fidelity Total Bond ETF by 3.1% in the fourth quarter. WestHill Financial Advisors Inc. now owns 682,918 shares of the company’s stock worth $30,643,000 after purchasing an additional 20,403 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.39 on Thursday. The company’s fifty day moving average is $45.16 and its 200 day moving average is $45.27. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $47.30. The stock has a market capitalization of $18.72 billion, a PE ratio of 8.94 and a beta of 0.26.

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.