WNY Asset Management LLC Invests $9.47 Million in Fidelity Total Bond ETF $FBND

WNY Asset Management LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 207,556 shares of the company’s stock, valued at approximately $9,469,000. Fidelity Total Bond ETF makes up approximately 1.0% of WNY Asset Management LLC’s investment portfolio, making the stock its 19th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in FBND. Access Investment Management LLC bought a new position in Fidelity Total Bond ETF in the 1st quarter valued at approximately $431,000. Cadia Private Client LLC boosted its position in Fidelity Total Bond ETF by 1.5% in the first quarter. Cadia Private Client LLC now owns 103,489 shares of the company’s stock valued at $4,721,000 after buying an additional 1,550 shares in the last quarter. Arete Wealth Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 36.0% during the first quarter. Arete Wealth Advisors LLC now owns 787,482 shares of the company’s stock worth $35,948,000 after buying an additional 208,517 shares during the last quarter. Leigh Baldwin & CO. LLC grew its stake in shares of Fidelity Total Bond ETF by 14.9% during the first quarter. Leigh Baldwin & CO. LLC now owns 90,051 shares of the company’s stock worth $4,108,000 after buying an additional 11,677 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the first quarter worth $125,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $44.72 on Friday. The company has a fifty day moving average of $45.36 and a 200-day moving average of $45.75. The company has a market capitalization of $26.95 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52-week low of $44.65 and a 52-week high of $46.86.

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.