Valley Wealth Managers Inc. Has $1.02 Million Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Valley Wealth Managers Inc. lessened its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 19.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,859 shares of the company’s stock after selling 5,254 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Fidelity Total Bond ETF were worth $1,022,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in shares of Fidelity Total Bond ETF during the third quarter worth $30,000. Transcendent Capital Group LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth about $32,000. Highline Wealth Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at about $47,000. Bell Investment Advisors Inc bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $55,000. Finally, Cullen Frost Bankers Inc. increased its holdings in Fidelity Total Bond ETF by 2,468.3% in the second quarter. Cullen Frost Bankers Inc. now owns 1,618 shares of the company’s stock worth $73,000 after buying an additional 1,555 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.32 on Friday. The firm has a market cap of $9.04 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a twelve month low of $43.95 and a twelve month high of $47.30. The firm’s 50 day moving average price is $46.25 and its 200 day moving average price is $45.73.

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.