Wealth Management Resources Inc. Has $27.35 Million Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Wealth Management Resources Inc. boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 35.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 609,484 shares of the company’s stock after purchasing an additional 160,861 shares during the quarter. Fidelity Total Bond ETF comprises approximately 10.1% of Wealth Management Resources Inc.’s holdings, making the stock its 2nd largest holding. Wealth Management Resources Inc.’s holdings in Fidelity Total Bond ETF were worth $27,348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FBND. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Fidelity Total Bond ETF in the third quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth $30,000. Highline Wealth Partners LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth $47,000. Darwin Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth about $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at about $87,000.

Fidelity Total Bond ETF Trading Up 0.2 %

FBND opened at $45.01 on Friday. The stock has a 50-day moving average of $45.26 and a 200 day moving average of $45.84. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The firm has a market cap of $8.98 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.