J.W. Cole Advisors Inc. Increases Stake in Fidelity Total Bond ETF

J.W. Cole Advisors Inc. has significantly increased its investment in the Fidelity Total Bond ETF (NYSEARCA:FBND) by 87.0% during the third quarter. This information comes from the latest Form 13F filing submitted to the Securities and Exchange Commission (SEC). By acquiring an additional 11,762 shares during this quarter, J.W. Cole Advisors Inc. now holds a total of 25,276 shares of the Fidelity Total Bond ETF.

As of the most recent reporting period, these shares were valued at approximately $1,181,000. This strategic move by J.W. Cole Advisors Inc. indicates a strong confidence in the Fidelity Total Bond ETF's performance.

In addition to J.W. Cole Advisors Inc., several other hedge funds have recently adjusted their holdings in the Fidelity Total Bond ETF. For instance, Capital CS Group LLC raised its stake by 5.1% in the second quarter, now owning 6,027 shares worth approximately $271,000 after acquiring an extra 294 shares.

Similarly, Regatta Capital Group LLC increased its holdings by 2.3% during the third quarter, bringing its total to 13,713 shares with a total value of about $641,000 after an acquisition of 304 shares. Capital Planning LLC also enhanced its position by 0.9% in the second quarter, holding 45,501 shares valued at $2,053,000 after purchasing an additional 388 shares in the previous quarter.

Furthermore, FinTrust Capital Advisors LLC raised its stake by 7.5% in the first quarter, owning 5,675 shares worth $257,000 after acquiring an additional 394 shares. Geneos Wealth Management Inc. also upped its position by 22.9% in the first quarter, now possessing 2,114 shares valued at $96,000 after an additional purchase of 394 shares.

Fidelity Total Bond ETF Performance

The Fidelity Total Bond ETF saw its shares open at $45.74 on Wednesday. Throughout the past year, the ETF recorded a low of $42.56 and a high of $47.30. The market capitalization of the Fidelity Total Bond ETF stands at $9.13 billion, featuring a price-to-earnings (PE) ratio of 8.85 and a beta (a measure of volatility) of 0.19. As for average pricing trends, the fifty-day moving average is $46.51, while the two-hundred-day moving average is $45.65.

Understanding Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that aims to track the performance of the Bloomberg U.S. Universal Bond Index. This ETF is actively managed and uses the Barclays US Universal Bond Index to influence its sector allocation and duration exposure. The fund was launched on October 6, 2014, and is managed by Fidelity.

investment, ETF, bonds