81,963 Shares in Fidelity Total Bond ETF (NYSEARCA:FBND) Acquired by Waverly Advisors LLC

Waverly Advisors LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 81,963 shares of the company’s stock, valued at approximately $3,714,000.

A number of other large investors have also recently bought and sold shares of FBND. Centerpoint Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF during the first quarter valued at $37,000. Pineridge Advisors LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter worth about $46,000. PNC Financial Services Group Inc. acquired a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $58,000. Private Trust Co. NA raised its position in shares of Fidelity Total Bond ETF by 51.2% during the fourth quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock worth $74,000 after purchasing an additional 547 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 15.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,720 shares of the company’s stock valued at $79,000 after purchasing an additional 228 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND traded up $0.05 during trading on Tuesday, reaching $45.54. The company had a trading volume of 1,036,235 shares, compared to its average volume of 1,236,595. The company has a market cap of $9.09 billion, a P/E ratio of 8.85 and a beta of 0.19. The business’s fifty day moving average price is $45.20 and its 200 day moving average price is $45.10. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $46.21.

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.