Cornerstone Wealth LLC TN acquired a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 111,058 shares of the company’s stock, valued at approximately $5,092,000. Fidelity Total Bond ETF comprises 2.9% of Cornerstone Wealth LLC TN’s holdings, making the stock its 12th largest position.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunburst Financial Group LLC raised its stake in shares of Fidelity Total Bond ETF by 2.6% in the 4th quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock valued at $51,124,000 after buying an additional 28,089 shares in the last quarter. Capital Wealth Management LLC increased its stake in Fidelity Total Bond ETF by 9.3% in the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after acquiring an additional 53,398 shares during the period. Apollon Financial LLC acquired a new position in Fidelity Total Bond ETF in the fourth quarter worth about $750,000. OLIO Financial Planning lifted its stake in Fidelity Total Bond ETF by 5.8% during the fourth quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock worth $44,923,000 after purchasing an additional 53,318 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its stake in Fidelity Total Bond ETF by 5.8% during the fourth quarter. Cornerstone Wealth Group LLC now owns 330,234 shares of the company’s stock worth $15,204,000 after purchasing an additional 18,123 shares during the period.
Fidelity Total Bond ETF Price Performance
Shares of FBND stock opened at $44.98 on Thursday. The stock’s fifty day simple moving average is $45.39 and its 200 day simple moving average is $45.76. The firm has a market cap of $27.10 billion, a price-to-earnings 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.
About Fidelity Total Bond ETF
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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