Fidelity Total Bond ETF $FBND Stock Position Lifted by Carnegie Investment Counsel

Carnegie Investment Counsel lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 99,335 shares of the company’s stock after purchasing an additional 10,740 shares during the quarter. Carnegie Investment Counsel’s holdings in Fidelity Total Bond ETF were worth $4,545,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Total Bond ETF by 10.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock worth $3,705,081,000 after purchasing an additional 7,778,802 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Fidelity Total Bond ETF by 42.2% during the first quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock valued at $467,086,000 after buying an additional 3,037,583 shares in the last quarter. Sagespring Wealth Partners LLC boosted its stake in Fidelity Total Bond ETF by 1.9% during the second quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock valued at $445,319,000 after buying an additional 177,177 shares in the last quarter. Dynasty Wealth Management LLC boosted its stake in Fidelity Total Bond ETF by 103.0% during the first quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock valued at $272,546,000 after buying an additional 3,029,917 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Fidelity Total Bond ETF by 10.7% during the first quarter. Envestnet Asset Management Inc. now owns 5,097,709 shares of the company’s stock valued at $232,710,000 after buying an additional 490,739 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

Shares of FBND stock opened at $46.76 on Friday. The stock has a 50-day simple moving average of $46.32 and a 200 day simple moving average of $45.70. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.85. The stock has a market capitalization of $21.87 billion, a P/E ratio of 8.94 and a beta of 0.17.

Fidelity Total Bond ETF Company 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.