Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Purchased by Sard Wealth Management Group LLC

Sard Wealth Management Group LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 498,577 shares of the company’s stock after buying an additional 9,593 shares during the period. Fidelity Total Bond ETF comprises approximately 15.3% of Sard Wealth Management Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Sard Wealth Management Group LLC owned approximately 0.12% of Fidelity Total Bond ETF worth $22,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FBND. JPMorgan Chase & Co. raised its stake in 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 buying an additional 520,113 shares during the period. Tallon Kerry Patrick bought a new stake in Fidelity Total Bond ETF in the fourth quarter valued at approximately $999,000. Capital & Planning LLC raised its stake in Fidelity Total Bond ETF by 122.1% in the fourth quarter. Capital & Planning LLC now owns 67,562 shares of the company’s stock valued at $3,048,000 after buying an additional 37,149 shares during the period. Consolidated Portfolio Review Corp raised its stake in Fidelity Total Bond ETF by 10.0% in the fourth quarter. Consolidated Portfolio Review Corp now owns 9,576 shares of the company’s stock valued at $430,000 after buying an additional 872 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in Fidelity Total Bond ETF by 45.5% in the fourth quarter. Financial Synergies Wealth Advisors Inc. now owns 61,697 shares of the company’s stock valued at $2,768,000 after buying an additional 19,301 shares during the period.

Fidelity Total Bond ETF Trading Down 0.5%

Shares of NYSEARCA FBND opened at $45.01 on Friday. The firm has a market cap of $18.22 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $47.30. The business’s 50 day moving average is $45.18 and its 200-day moving average is $45.29.

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.