Benchmark Financial Wealth Advisors LLC Purchases New Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Benchmark Financial Wealth Advisors LLC bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 33,506 shares of the company’s stock, valued at approximately $1,503,000. Fidelity Total Bond ETF makes up 0.5% of Benchmark Financial Wealth Advisors LLC’s investment portfolio, making the stock its 27th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in Fidelity Total Bond ETF by 3.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock valued at $1,869,000 after acquiring an additional 1,188 shares in the last quarter. Marshall Financial Group LLC bought a new position in Fidelity Total Bond ETF in the third quarter valued at $843,000. Arete Wealth Advisors LLC increased its stake in Fidelity Total Bond ETF by 78.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock valued at $20,923,000 after buying an additional 196,783 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Fidelity Total Bond ETF by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after buying an additional 520,113 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 5.5% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 45,486 shares of the company’s stock valued at $2,126,000 after acquiring an additional 2,366 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.5 %

NYSEARCA:FBND opened at $45.39 on Thursday. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The stock’s 50 day moving average price is $45.20 and its two-hundred day moving average price is $45.83.

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.