Storen Legacy Partners LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 16.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,750 shares of the company’s stock after acquiring an additional 38,462 shares during the quarter. Fidelity Total Bond ETF comprises approximately 3.4% of Storen Legacy Partners LLC’s holdings, making the stock its 11th largest position. Storen Legacy Partners LLC’s holdings in Fidelity Total Bond ETF were worth $12,362,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in shares of Fidelity Total Bond ETF by 16.2% during the 4th 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 last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Total Bond ETF by 3.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after purchasing an additional 3,390,440 shares in the last quarter. Align Financial LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at $141,726,000. JPMorgan Chase & Co. lifted 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 during the last quarter. Finally, Legacy Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after purchasing an additional 1,995,732 shares in the last quarter.
Fidelity Total Bond ETF Trading Up 0.3%
Shares of NYSEARCA:FBND opened at $45.04 on Friday. The stock has a market capitalization of $27.29 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.65 and a 1 year high of $46.86. The firm has a fifty day moving average price of $45.27 and a 200 day moving average price of $45.67.
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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