NewEdge Advisors LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 4.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,278,631 shares of the company’s stock after buying an additional 54,232 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $58,331,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in 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 valued at $4,256,067,000 after acquiring 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% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after acquiring an additional 4,830,198 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after acquiring an additional 871,672 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 2,374,913 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of 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 purchasing an additional 1,887,404 shares in the last quarter.
Fidelity Total Bond ETF Stock Performance
FBND stock opened at $44.92 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.65 and a 52 week high of $46.86. The firm’s fifty day moving average is $45.32 and its 200 day moving average is $45.71. The firm has a market cap of $27.21 billion, a P/E ratio of 8.94 and a beta of 0.27.
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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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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