Marks Group Wealth Management Inc increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 932.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,992 shares of the company’s stock after buying an additional 72,241 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Fidelity Total Bond ETF were worth $3,649,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Total Bond ETF by 3.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after acquiring an additional 2,925,667 shares during the last quarter. Morgan Stanley grew its holdings in Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after purchasing an additional 4,830,198 shares during the period. Bank of America Corp DE increased its position in Fidelity Total Bond ETF by 5.6% during the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after purchasing an additional 683,930 shares during the last quarter. JPMorgan Chase & Co. increased its position in Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after purchasing an additional 2,374,913 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its stake in Fidelity Total Bond ETF by 3.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after purchasing an additional 311,221 shares during the period.
Fidelity Total Bond ETF Trading Up 0.2%
Shares of Fidelity Total Bond ETF stock opened at $45.28 on Thursday. The stock has a market capitalization of $26.90 billion, a P/E ratio of 8.94 and a beta of 0.27. The business’s fifty day moving average price is $45.45 and its 200 day moving average price is $45.84. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86.
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.
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