Quotient Wealth Partners LLC Has $150.36 Million Position in Fidelity Total Bond ETF $FBND

Quotient Wealth Partners LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.3% in the second quarter, HoldingsChannel reports. The firm owned 3,286,565 shares of the company’s stock after acquiring an additional 105,134 shares during the period. Fidelity Total Bond ETF accounts for about 4.4% of Quotient Wealth Partners LLC’s holdings, making the stock its 8th biggest position. Quotient Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $150,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tritonpoint Wealth LLC grew its stake in Fidelity Total Bond ETF by 2.2% in the second quarter. Tritonpoint Wealth LLC now owns 56,926 shares of the company’s stock valued at $2,614,000 after acquiring an additional 1,239 shares during the period. Diversified Trust Co acquired a new position in Fidelity Total Bond ETF in the second quarter valued at about $427,000. Beacon Capital Management LLC grew its stake in Fidelity Total Bond ETF by 84.6% in the second quarter. Beacon Capital Management LLC now owns 4,549 shares of the company’s stock valued at $208,000 after acquiring an additional 2,085 shares during the period. Cerity Partners LLC grew its stake in Fidelity Total Bond ETF by 27.5% in the first quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock valued at $366,000 after acquiring an additional 1,729 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Fidelity Total Bond ETF by 1.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 150,385 shares of the company’s stock valued at $6,862,000 after acquiring an additional 2,642 shares during the period.

Fidelity Total Bond ETF Trading Down 0.2%

NYSEARCA:FBND opened at $46.67 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.82. The stock has a market cap of $21.63 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. The stock has a 50-day moving average price of $46.22 and a two-hundred day moving average price of $45.66.

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.