Pension & Wealth Management Advisors Inc. Acquires 93,070 Shares of Fidelity Total Bond ETF $FBND

Pension & Wealth Management Advisors Inc. boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 696,387 shares of the company’s stock after acquiring an additional 93,070 shares during the quarter. Fidelity Total Bond ETF comprises 6.8% of Pension & Wealth Management Advisors Inc.’s holdings, making the stock its 2nd largest holding. Pension & Wealth Management Advisors Inc. owned approximately 0.11% of Fidelity Total Bond ETF worth $30,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. GHP Investment Advisors Inc. acquired a new stake in Fidelity Total Bond ETF during the 1st quarter worth approximately $25,000. Community Financial Services Group LLC purchased a new position in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF in the second quarter worth $37,000. Manning & Napier Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF in the first quarter worth $53,000. Finally, Sound Income Strategies LLC grew its stake in shares of Fidelity Total Bond ETF by 180.6% in the first quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after acquiring an additional 847 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock traded down $0.01 during trading hours on Friday, reaching $43.82. 5,305,343 shares of the company were exchanged, compared to its average volume of 3,184,228. The firm has a market cap of $28.25 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.86. The stock’s fifty day moving average is $44.27 and its 200 day moving average is $45.05.

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.