Valmark Advisers Inc. Purchases 45,167 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Valmark Advisers Inc. increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,966 shares of the company’s stock after acquiring an additional 45,167 shares during the quarter. Valmark Advisers Inc. owned about 0.11% of Fidelity Total Bond ETF worth $9,466,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FBND. Mark Sheptoff Financial Planning LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $30,000. Highline Wealth Partners LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $47,000. Darwin Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $87,000.

Fidelity Total Bond ETF Trading Up 0.4 %

Shares of Fidelity Total Bond ETF stock opened at $45.32 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm’s 50 day simple moving average is $45.09 and its two-hundred day simple moving average is $45.81.

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.