Avidian Wealth Enterprises LLC Buys 14,945 Shares of Fidelity Total Bond ETF $FBND

Avidian Wealth Enterprises LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 98.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,055 shares of the company’s stock after acquiring an additional 14,945 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Fidelity Total Bond ETF were worth $1,390,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity Total Bond ETF by 6.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after purchasing an additional 4,963,926 shares in the last quarter. Bank of America Corp DE grew its position in Fidelity Total Bond ETF by 5.4% during the second quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock valued at $561,396,000 after acquiring an additional 629,015 shares during the last quarter. Sagespring Wealth Partners LLC raised its stake in shares of Fidelity Total Bond ETF by 1.9% during the second quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after acquiring an additional 177,177 shares in the last quarter. Dynasty Wealth Management LLC lifted its stake in Fidelity Total Bond ETF by 13.4% in the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after purchasing an additional 786,693 shares during the last quarter. Finally, Country Trust Bank boosted its position in Fidelity Total Bond ETF by 1.4% during the third quarter. Country Trust Bank now owns 6,272,214 shares of the company’s stock valued at $290,027,000 after buying an additional 86,070 shares during the period.

Fidelity Total Bond ETF Trading Up 0.3%

Shares of NYSEARCA:FBND opened at $46.08 on Thursday. The stock has a market capitalization of $23.80 billion, a P/E ratio of 8.94 and a beta of 0.28. The stock’s 50-day moving average price is $46.26 and its 200-day moving average price is $46.17. 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.