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

Benchmark Financial Wealth Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 33,506 shares of the company’s stock, valued at approximately $1,503,000. Fidelity Total Bond ETF accounts for 0.5% of Benchmark Financial Wealth Advisors LLC’s investment portfolio, making the stock its 27th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Fidelity Total Bond ETF by 2.2% during the 3rd quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after buying an additional 267,811 shares during the period. Country Trust Bank boosted its holdings in shares of Fidelity Total Bond ETF by 0.5% during the fourth quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after acquiring an additional 31,173 shares during the period. JPMorgan Chase & Co. grew its position in shares of Fidelity Total Bond ETF by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after purchasing an additional 520,113 shares during the last quarter. RFG Advisory LLC increased its stake in shares of Fidelity Total Bond ETF by 6.2% during the fourth quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after purchasing an additional 250,764 shares during the period. Finally, Mather Group LLC. lifted its holdings in Fidelity Total Bond ETF by 3.0% during the 4th quarter. Mather Group LLC. now owns 3,651,935 shares of the company’s stock worth $163,862,000 after purchasing an additional 106,953 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

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

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.