Merkkuri Wealth Advisors LLC Has $4.88 Million Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Merkkuri Wealth Advisors LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,304 shares of the company’s stock after buying an additional 15,250 shares during the period. Fidelity Total Bond ETF makes up about 4.0% of Merkkuri Wealth Advisors LLC’s portfolio, making the stock its 6th biggest holding. Merkkuri Wealth Advisors LLC owned about 0.05% of Fidelity Total Bond ETF worth $4,875,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $58,000. Park Avenue Securities LLC boosted its position in shares of Fidelity Total Bond ETF by 5.8% in the 1st quarter. Park Avenue Securities LLC now owns 14,889 shares of the company’s stock worth $675,000 after purchasing an additional 820 shares in the last quarter. Courier Capital LLC lifted its position in Fidelity Total Bond ETF by 236.9% during the 1st quarter. Courier Capital LLC now owns 35,117 shares of the company’s stock worth $1,591,000 after acquiring an additional 24,694 shares during the period. Capital Asset Advisory Services LLC lifted its position in Fidelity Total Bond ETF by 67.6% during the 1st quarter. Capital Asset Advisory Services LLC now owns 41,691 shares of the company’s stock worth $1,871,000 after acquiring an additional 16,816 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF during the 1st quarter valued at about $185,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.79 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $42.56 and a fifty-two week high of $47.30. The stock has a 50-day simple moving average of $46.56 and a two-hundred day simple moving average of $45.61. The firm has a market capitalization of $9.14 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.