Axxcess Wealth Management LLC Increases Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Axxcess Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,429 shares of the company’s stock after purchasing an additional 4,664 shares during the period. Axxcess Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $2,086,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of Fidelity Total Bond ETF by 222.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 85,095 shares of the company’s stock worth $3,918,000 after acquiring an additional 58,703 shares during the last quarter. UBS Group AG lifted its stake in shares of Fidelity Total Bond ETF by 0.8% during the fourth quarter. UBS Group AG now owns 2,440,424 shares of the company’s stock valued at $112,357,000 after buying an additional 18,964 shares during the period. Corient Private Wealth LLC boosted its position in Fidelity Total Bond ETF by 3,826.1% during the fourth quarter. Corient Private Wealth LLC now owns 378,236 shares of the company’s stock worth $17,414,000 after acquiring an additional 368,602 shares during the last quarter. Assetmark Inc. grew its stake in Fidelity Total Bond ETF by 25.3% in the 4th quarter. Assetmark Inc. now owns 16,411 shares of the company’s stock worth $756,000 after acquiring an additional 3,311 shares during the period. Finally, Certified Advisory Corp acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at $321,000.

Fidelity Total Bond ETF Stock Down 0.3 %

Shares of Fidelity Total Bond ETF stock opened at $46.99 on Thursday. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week high of $47.30. The business’s fifty day moving average is $46.26 and its two-hundred day moving average is $45.40. The firm has a market cap of $9.38 billion, a PE ratio of 8.85 and a beta of 0.19.

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.