USAdvisors Wealth Management LLC Buys 12,241 Shares of Fidelity Total Bond ETF $FBND

USAdvisors Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,175 shares of the company’s stock after purchasing an additional 12,241 shares during the quarter. Fidelity Total Bond ETF comprises 3.7% of USAdvisors Wealth Management LLC’s holdings, making the stock its 4th biggest position. USAdvisors Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $11,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Dupree Financial Group LLC increased its stake in Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after purchasing an additional 219 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Fidelity Total Bond ETF by 0.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after purchasing an additional 220 shares in the last quarter. RWA Wealth Partners LLC increased its stake in Fidelity Total Bond ETF by 2.6% during the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after purchasing an additional 241 shares in the last quarter. Capital CS Group LLC increased its stake in Fidelity Total Bond ETF by 4.8% during the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after purchasing an additional 286 shares in the last quarter. Finally, Investment Advisory Group LLC increased its stake in Fidelity Total Bond ETF by 0.4% during the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after purchasing an additional 303 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.0%

Shares of Fidelity Total Bond ETF stock opened at $45.50 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.73 and a 12-month high of $46.86. The firm has a market capitalization of $25.49 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm’s 50 day simple moving average is $45.80 and its two-hundred day simple moving average is $46.13.

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.