Brookwood Investment Group LLC Buys New Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Brookwood Investment Group LLC bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,640 shares of the company’s stock, valued at approximately $1,125,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Fidelity Total Bond ETF by 2.1% during the 4th quarter. FMR LLC now owns 12,865,154 shares of the company’s stock valued at $577,259,000 after purchasing an additional 261,006 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Fidelity Total Bond ETF by 8.4% during the 4th quarter. Bank of America Corp DE now owns 11,296,969 shares of the company’s stock valued at $506,895,000 after purchasing an additional 879,260 shares in the last quarter. Sagespring Wealth Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 8.5% during the 1st quarter. Sagespring Wealth Partners LLC now owns 9,556,568 shares of the company’s stock valued at $436,257,000 after purchasing an additional 746,666 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Fidelity Total Bond ETF by 39.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock valued at $322,809,000 after buying an additional 2,024,839 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 103.0% in the first quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock worth $272,546,000 after buying an additional 3,029,917 shares during the period.

Fidelity Total Bond ETF Trading Down 0.0%

Shares of FBND traded down $0.01 during midday trading on Thursday, hitting $45.56. The stock had a trading volume of 372,592 shares, compared to its average volume of 2,044,904. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $47.30. The business has a 50-day simple moving average of $45.36 and a two-hundred day simple moving average of $45.30. The firm has a market cap of $19.43 billion, a P/E ratio of 8.94 and a beta of 0.17.

Fidelity Total Bond ETF 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.