Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Bought by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.7% in the 4th quarter, Holdings Channel reports. The fund owned 171,893 shares of the company’s stock after acquiring an additional 25,803 shares during the period. Fidelity Total Bond ETF accounts for about 1.5% of Schneider Downs Wealth Management Advisors LP’s investment portfolio, making the stock its 18th biggest position. Schneider Downs Wealth Management Advisors LP’s holdings in Fidelity Total Bond ETF were worth $7,713,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in Fidelity Total Bond ETF in the fourth quarter worth about $78,895,000. Thrivent Financial for Lutherans grew its stake in Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after purchasing an additional 992,739 shares in the last quarter. Aptus Capital Advisors LLC acquired a new position in Fidelity Total Bond ETF in the third quarter worth about $40,718,000. Valeo Financial Advisors LLC grew its stake in Fidelity Total Bond ETF by 322.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 942,475 shares of the company’s stock worth $42,289,000 after purchasing an additional 719,592 shares in the last quarter. Finally, Sax Wealth Advisors LLC grew its stake in Fidelity Total Bond ETF by 94.0% in the fourth quarter. Sax Wealth Advisors LLC now owns 1,394,635 shares of the company’s stock worth $62,577,000 after purchasing an additional 675,795 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.88 on Thursday. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The stock has a 50-day simple moving average of $45.06 and a 200 day simple moving average of $45.77.

Fidelity Total Bond ETF 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.