USAdvisors Wealth Management LLC Has $9.96 Million Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

USAdvisors Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 20.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 222,011 shares of the company’s stock after acquiring an additional 38,054 shares during the period. Fidelity Total Bond ETF makes up approximately 3.3% of USAdvisors Wealth Management LLC’s holdings, making the stock its 5th biggest position. USAdvisors Wealth Management LLC owned approximately 0.11% of Fidelity Total Bond ETF worth $9,961,000 as of its most recent SEC filing.

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

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.19 on Thursday. 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 capitalization of $9.02 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm has a 50 day moving average of $45.25 and a 200 day moving average of $45.84.

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.