Fidelity Total Bond ETF (NYSEARCA:FBND) Position Increased by Merkkuri Wealth Advisors LLC

Merkkuri Wealth Advisors LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.1% during the third quarter, Holdings Channel reports. The fund owned 104,304 shares of the company’s stock after acquiring an additional 15,250 shares during the period. Fidelity Total Bond ETF comprises 4.0% of Merkkuri Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest position. Merkkuri Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $4,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new position in Fidelity Total Bond ETF in the fourth quarter valued at $58,000. Park Avenue Securities LLC increased its stake in shares of Fidelity Total Bond ETF by 5.8% during the 1st quarter. Park Avenue Securities LLC now owns 14,889 shares of the company’s stock worth $675,000 after purchasing an additional 820 shares in the last quarter. Courier Capital LLC increased its stake in shares of Fidelity Total Bond ETF by 236.9% during the 1st quarter. Courier Capital LLC now owns 35,117 shares of the company’s stock worth $1,591,000 after purchasing an additional 24,694 shares in the last quarter. Capital Asset Advisory Services LLC boosted its position in Fidelity Total Bond ETF by 67.6% during the first quarter. Capital Asset Advisory Services LLC now owns 41,691 shares of the company’s stock worth $1,871,000 after acquiring an additional 16,816 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the first quarter worth approximately $185,000.

Fidelity Total Bond ETF Stock Up 0.2 %

Shares of FBND opened at $45.79 on Friday. The firm has a market cap of $9.14 billion, a PE ratio of 8.85 and a beta of 0.19. The company’s fifty day moving average is $46.56 and its two-hundred day moving average is $45.61. Fidelity Total Bond ETF has a fifty-two week low of $42.56 and a fifty-two week high of $47.30.

Fidelity Total Bond ETF Company 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.