Opes Wealth Management LLC Acquires 4,260 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Opes Wealth Management LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,263 shares of the company’s stock after acquiring an additional 4,260 shares during the period. Fidelity Total Bond ETF comprises approximately 1.9% of Opes Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Opes Wealth Management LLC owned about 0.18% of Fidelity Total Bond ETF worth $7,793,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $25,000. NBC Securities Inc. bought a new position in shares of Fidelity Total Bond ETF in the third quarter worth $27,000. Money Concepts Capital Corp bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth $46,000. Retirement Group LLC bought a new position in shares of Fidelity Total Bond ETF in the second quarter worth $50,000. Finally, Sound Income Strategies LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth $74,000.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock traded down $0.07 during trading hours on Thursday, reaching $44.20. The company had a trading volume of 1,117,032 shares, compared to its average volume of 1,309,448. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.38. The firm has a market cap of $4.24 billion, a PE ratio of 12.64 and a beta of 0.17. The business has a fifty day simple moving average of $45.08 and a 200 day simple moving average of $44.77.

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.