Independent Financial Group LLC bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,950 shares of the company’s stock, valued at approximately $1,275,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in shares of Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after buying an additional 4,830,198 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Total Bond ETF by 3.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after acquiring an additional 3,390,440 shares during the period. Align Financial LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter worth $141,726,000. JPMorgan Chase & Co. lifted its position in Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after acquiring an additional 2,374,913 shares during the last quarter. Finally, Dynasty Wealth Management LLC lifted its position in Fidelity Total Bond ETF by 30.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock worth $398,264,000 after acquiring an additional 1,993,799 shares during the last quarter.
Fidelity Total Bond ETF Price Performance
FBND stock opened at $45.17 on Tuesday. The stock has a market capitalization of $27.06 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company has a 50-day moving average of $45.43 and a two-hundred day moving average of $45.82. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86.
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.
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