Mountain Hill Investment Partners Corp. increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 4.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 322,348 shares of the company’s stock after purchasing an additional 14,799 shares during the quarter. Fidelity Total Bond ETF comprises about 8.3% of Mountain Hill Investment Partners Corp.’s portfolio, making the stock its 3rd biggest holding. Mountain Hill Investment Partners Corp.’s holdings in Fidelity Total Bond ETF were worth $14,664,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity Total Bond ETF by 3.3% during the 4th 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 in the last quarter. Morgan Stanley grew 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 purchasing an additional 4,830,198 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Fidelity Total Bond ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after purchasing an additional 871,672 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 valued at $532,882,000 after purchasing an additional 2,374,913 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Fidelity Total Bond ETF by 25.2% during the fourth 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 during the period.
Fidelity Total Bond ETF Stock Up 0.0%
Shares of NYSEARCA FBND opened at $44.91 on Thursday. Fidelity Total Bond ETF has a fifty-two week low of $44.65 and a fifty-two week high of $46.86. The firm’s 50-day simple moving average is $45.27 and its 200 day simple moving average is $45.68. The stock has a market cap of $27.21 billion, a P/E ratio of 8.94 and a beta of 0.27.
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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