Merkkuri Wealth Advisors LLC Has $5.15 Million Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Merkkuri Wealth Advisors LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBNDFree Report) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,688 shares of the company’s stock after buying an additional 10,384 shares during the period. Fidelity Total Bond ETF accounts for about 4.1% of Merkkuri Wealth Advisors LLC’s portfolio, making the stock its 5th largest position. Merkkuri Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $5,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Fidelity Total Bond ETF in the third quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $30,000. Highline Wealth Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $47,000. Darwin Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $87,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.01 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The company has a market cap of $8.98 billion, a PE ratio of 8.85 and a beta of 0.19. The business has a 50-day simple moving average of $45.26 and a two-hundred day simple moving average of $45.84.

Fidelity Total Bond ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity Total Bond ETF (NYSEARCA:FBND)

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