NewEdge Wealth LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 92.3% during the 1st quarter, HoldingsChannel reports. The firm owned 261,847 shares of the company’s stock after acquiring an additional 125,646 shares during the period. NewEdge Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $11,945,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Total Bond ETF by 3.3% during 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 purchasing an additional 2,925,667 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Fidelity Total Bond ETF by 16.2% during the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after purchasing an additional 4,830,198 shares during the period. Bank of America Corp DE grew its position in Fidelity Total Bond ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after buying an additional 683,930 shares during the last quarter. JPMorgan Chase & Co. grew its position in Fidelity Total Bond ETF by 25.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after buying an additional 2,374,913 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Fidelity Total Bond ETF by 25.2% in the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after buying an additional 1,887,404 shares during the period.
Fidelity Total Bond ETF Stock Performance
Shares of Fidelity Total Bond ETF stock opened at $45.02 on Thursday. The company has a market cap of $26.97 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The firm has a fifty day moving average of $45.41 and a two-hundred day moving average of $45.80.
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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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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