Woodside Wealth Management LLC Has $1.86 Million Stake in Fidelity Total Bond ETF $FBND

Woodside Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,697 shares of the company’s stock after acquiring an additional 2,125 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 1.6% of Woodside Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. Woodside Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $1,862,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Drake & Associates LLC raised its stake in Fidelity Total Bond ETF by 1.0% during the second quarter. Drake & Associates LLC now owns 732,963 shares of the company’s stock worth $33,533,000 after acquiring an additional 7,399 shares in the last quarter. Next Level Wealth Planning LLC increased its position in Fidelity Total Bond ETF by 25.1% during the 2nd quarter. Next Level Wealth Planning LLC now owns 25,027 shares of the company’s stock valued at $1,145,000 after purchasing an additional 5,029 shares during the period. Valley National Advisers Inc. increased its position in Fidelity Total Bond ETF by 5.2% during the 2nd quarter. Valley National Advisers Inc. now owns 453,931 shares of the company’s stock valued at $20,767,000 after purchasing an additional 22,298 shares during the period. Duncan Williams Asset Management LLC acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at approximately $15,516,000. Finally, Valeo Financial Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 12.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,496,969 shares of the company’s stock worth $62,896,000 after buying an additional 170,617 shares during the period.

Fidelity Total Bond ETF Stock Down 0.2%

Shares of FBND stock opened at $46.22 on Tuesday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.75. The firm has a 50 day moving average of $46.10 and a 200-day moving average of $45.60. The company has a market cap of $21.22 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17.

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.