Weatherly Asset Management L. P. raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 1.8% in the 1st quarter, HoldingsChannel reports. The firm owned 898,544 shares of the company’s stock after acquiring an additional 15,924 shares during the quarter. Fidelity Total Bond ETF makes up 3.3% of Weatherly Asset Management L. P.’s portfolio, making the stock its 4th biggest position. Weatherly Asset Management L. P.’s holdings in Fidelity Total Bond ETF were worth $41,128,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in FBND. Financial Management Network Inc. grew its stake in Fidelity Total Bond ETF by 20.3% in the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock valued at $5,673,000 after acquiring an additional 20,803 shares during the period. Sunburst Financial Group LLC raised its position in shares of Fidelity Total Bond ETF by 2.6% during the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after purchasing an additional 28,089 shares during the period. Coyle Financial Counsel LLC raised its position in shares of Fidelity Total Bond ETF by 21.8% during the third quarter. Coyle Financial Counsel LLC now owns 735,709 shares of the company’s stock worth $34,019,000 after purchasing an additional 131,713 shares during the period. Genesis Private Wealth LLC lifted its holdings in shares of Fidelity Total Bond ETF by 9.0% in the 4th quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock worth $14,523,000 after purchasing an additional 26,093 shares in the last quarter. Finally, OLIO Financial Planning lifted its holdings in shares of Fidelity Total Bond ETF by 5.8% in the 4th 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 in the last quarter.
Fidelity Total Bond ETF Stock Performance
NYSEARCA FBND opened at $45.61 on Friday. The company has a fifty day simple moving average of $45.60 and a 200 day simple moving average of $45.95. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The company has a market cap of $25.56 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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