Fidelity Total Bond ETF (NYSEARCA:FBND) is Resolute Wealth Strategies LLC’s 2nd Largest Position

Resolute Wealth Strategies LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,783 shares of the company’s stock after acquiring an additional 25,582 shares during the quarter. Fidelity Total Bond ETF makes up 7.6% of Resolute Wealth Strategies LLC’s investment portfolio, making the stock its 2nd largest position. Resolute Wealth Strategies LLC owned approximately 0.25% of Fidelity Total Bond ETF worth $11,178,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FBND. Sequoia Financial Advisors LLC lifted its position in Fidelity Total Bond ETF by 0.9% during the third quarter. Sequoia Financial Advisors LLC now owns 1,952,360 shares of the company’s stock valued at $85,045,000 after buying an additional 18,368 shares in the last quarter. Masso Torrence Wealth Management Inc. lifted its position in Fidelity Total Bond ETF by 1.9% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 102,636 shares of the company’s stock valued at $4,725,000 after buying an additional 1,909 shares in the last quarter. Baker Avenue Asset Management LP lifted its position in Fidelity Total Bond ETF by 6.1% during the third quarter. Baker Avenue Asset Management LP now owns 1,852,684 shares of the company’s stock valued at $80,703,000 after buying an additional 105,723 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $74,000. Finally, Opal Wealth Advisors LLC lifted its position in Fidelity Total Bond ETF by 4.1% during the fourth quarter. Opal Wealth Advisors LLC now owns 35,182 shares of the company’s stock valued at $1,620,000 after buying an additional 1,372 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.5 %

Shares of FBND traded up $0.24 during mid-day trading on Friday, reaching $44.64. 843,651 shares of the stock traded hands, compared to its average volume of 1,288,065. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 8.76 and a beta of 0.15. The stock has a fifty day simple moving average of $44.87 and a 200 day simple moving average of $44.85. Fidelity Total Bond ETF has a 12-month low of $42.45 and a 12-month high of $46.34.

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.