Sax Wealth Advisors LLC Has $33.60 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Sax Wealth Advisors LLC raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 73.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 718,840 shares of the company’s stock after purchasing an additional 303,364 shares during the period. Fidelity Total Bond ETF accounts for approximately 3.0% of Sax Wealth Advisors LLC’s portfolio, making the stock its 10th largest holding. Sax Wealth Advisors LLC owned 0.36% of Fidelity Total Bond ETF worth $33,599,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. increased its stake in Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after acquiring an additional 3,461,472 shares during the last quarter. Summit Financial Strategies Inc. grew its stake in shares of Fidelity Total Bond ETF by 4,346.0% during the second quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock valued at $58,218,000 after buying an additional 1,266,595 shares during the last quarter. RFG Advisory LLC grew its stake in shares of Fidelity Total Bond ETF by 44.0% during the first quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock valued at $162,125,000 after buying an additional 1,093,311 shares during the last quarter. Crane Advisory LLC bought a new stake in shares of Fidelity Total Bond ETF in the third quarter worth about $50,363,000. Finally, Quotient Wealth Partners LLC bought a new stake in shares of Fidelity Total Bond ETF in the second quarter worth about $44,290,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $46.10 on Friday. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $47.30. The company has a 50-day simple moving average of $46.60 and a two-hundred day simple moving average of $45.58. The firm has a market capitalization of $9.20 billion, a PE ratio of 8.85 and a beta of 0.19.

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.