Axis Wealth Partners LLC Has $6.23 Million Stock Holdings in Fidelity Total Bond ETF $FBND

Axis Wealth Partners LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,817 shares of the company’s stock after purchasing an additional 12,997 shares during the period. Fidelity Total Bond ETF comprises 3.6% of Axis Wealth Partners LLC’s holdings, making the stock its 3rd biggest holding. Axis Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $6,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CGC Financial Services LLC grew its stake in shares of Fidelity Total Bond ETF by 20.1% during the third quarter. CGC Financial Services LLC now owns 6,226 shares of the company’s stock valued at $288,000 after buying an additional 1,043 shares during the last quarter. SilverOak Wealth Management LLC grew its position in Fidelity Total Bond ETF by 6.7% in the 3rd quarter. SilverOak Wealth Management LLC now owns 149,522 shares of the company’s stock valued at $6,914,000 after acquiring an additional 9,339 shares during the last quarter. Sonoma Allocations LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at $13,588,000. Valmark Advisers Inc. increased its stake in Fidelity Total Bond ETF by 32.7% in the third quarter. Valmark Advisers Inc. now owns 369,244 shares of the company’s stock worth $17,074,000 after purchasing an additional 91,029 shares during the period. Finally, Clarity Wealth Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 17.8% during the third quarter. Clarity Wealth Advisors LLC now owns 178,977 shares of the company’s stock worth $8,276,000 after purchasing an additional 27,096 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.2%

Shares of FBND opened at $46.18 on Friday. The firm has a fifty day moving average price of $46.30 and a 200-day moving average price of $46.14. The firm has a market capitalization of $23.67 billion, a P/E ratio of 8.94 and a beta of 0.28. 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.