Apex Wealth Management LLC Grows Position in Fidelity Total Bond ETF $FBND

Apex Wealth Management LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 496.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,491 shares of the company’s stock after acquiring an additional 81,141 shares during the quarter. Fidelity Total Bond ETF accounts for about 3.2% of Apex Wealth Management LLC’s holdings, making the stock its 12th biggest position. Apex Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $4,508,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FBND. Fifth Third Bancorp purchased a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $27,000. Caldwell Trust Co acquired a new position in Fidelity Total Bond ETF during the second quarter worth about $34,000. Maryland Capital Advisors Inc. increased its holdings in Fidelity Total Bond ETF by 378.5% in the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after buying an additional 651 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at approximately $38,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at approximately $49,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $46.09 on Friday. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The business’s 50 day simple moving average is $46.30 and its 200-day simple moving average is $46.14. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86.

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.