FSM Wealth Advisors LLC Makes New Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

FSM Wealth Advisors LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,982 shares of the company’s stock, valued at approximately $467,000.

A number of other institutional investors also recently made changes to their positions in the business. Opes Wealth Management LLC boosted its position in Fidelity Total Bond ETF by 1.4% during the third quarter. Opes Wealth Management LLC now owns 184,731 shares of the company’s stock valued at $8,634,000 after buying an additional 2,497 shares during the period. TrueWealth Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at about $4,618,000. Cedar Point Capital Partners LLC boosted its holdings in Fidelity Total Bond ETF by 10.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 32,096 shares of the company’s stock valued at $1,500,000 after acquiring an additional 3,014 shares during the period. Janney Montgomery Scott LLC lifted its position in Fidelity Total Bond ETF by 0.7% in the third quarter. Janney Montgomery Scott LLC now owns 112,907 shares of the company’s stock valued at $5,277,000 after purchasing an additional 753 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Fidelity Total Bond ETF by 1,709.1% during the third quarter. Farther Finance Advisors LLC now owns 4,957 shares of the company’s stock valued at $232,000 after purchasing an additional 4,683 shares during the period.

Fidelity Total Bond ETF Stock Up 0.3 %

Shares of NYSEARCA FBND opened at $45.51 on Tuesday. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm’s fifty day moving average is $46.42 and its 200 day moving average is $45.68. Fidelity Total Bond ETF has a 52 week low of $43.34 and a 52 week high of $47.30.

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.