Ritholtz Wealth Management boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,168,041 shares of the company’s stock after buying an additional 101,155 shares during the period. Fidelity Total Bond ETF makes up 2.6% of Ritholtz Wealth Management’s investment portfolio, making the stock its 7th biggest holding. Ritholtz Wealth Management owned approximately 0.65% of Fidelity Total Bond ETF worth $180,476,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of FBND. First Command Advisory Services Inc. lifted its position in shares of Fidelity Total Bond ETF by 18.0% during the third quarter. First Command Advisory Services Inc. now owns 5,416 shares of the company’s stock worth $235,000 after acquiring an additional 827 shares in the last quarter. Kestra Investment Management LLC grew its position in shares of Fidelity Total Bond ETF by 26.1% in the third quarter. Kestra Investment Management LLC now owns 32,766 shares of the company’s stock valued at $1,419,000 after purchasing an additional 6,778 shares in the last quarter. Crosspoint Financial LLC grew its position in shares of Fidelity Total Bond ETF by 276.6% in the third quarter. Crosspoint Financial LLC now owns 75,066 shares of the company’s stock valued at $3,250,000 after purchasing an additional 55,136 shares in the last quarter. Family Capital Management Inc. grew its position in shares of Fidelity Total Bond ETF by 5.0% in the third quarter. Family Capital Management Inc. now owns 104,305 shares of the company’s stock valued at $4,516,000 after purchasing an additional 4,988 shares in the last quarter. Finally, Landmark Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF by 4.6% during the 3rd quarter. Landmark Wealth Management LLC now owns 191,647 shares of the company’s stock valued at $8,298,000 after purchasing an additional 8,466 shares during the period.
Fidelity Total Bond ETF Stock Performance
NYSEARCA:FBND opened at $44.00 on Thursday. Fidelity Total Bond ETF has a 52-week low of $43.11 and a 52-week high of $46.78. The firm has a market cap of $28.37 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The business’s fifty day moving average is $43.97 and its 200 day moving average is $45.20.
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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