Kestra Private Wealth Services LLC reduced its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 5.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 581,770 shares of the company’s stock after selling 30,922 shares during the period. Kestra Private Wealth Services LLC’s holdings in Fidelity Total Bond ETF were worth $26,540,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity Total Bond ETF by 3.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after purchasing an additional 2,925,667 shares in the last quarter. Morgan Stanley boosted its holdings in Fidelity Total Bond ETF by 16.2% during 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 during the last quarter. Bank of America Corp DE grew its position in Fidelity Total Bond ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after purchasing an additional 683,930 shares in the last quarter. JPMorgan Chase & Co. grew its position in Fidelity Total Bond ETF by 25.8% in 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 in the last quarter. Finally, Sagespring Wealth Partners LLC grew its position in Fidelity Total Bond ETF by 3.2% in the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after purchasing an additional 311,221 shares in the last quarter.
Fidelity Total Bond ETF Trading Up 0.5%
Shares of FBND stock opened at $45.76 on Thursday. The firm’s fifty day moving average price is $45.59 and its two-hundred day moving average price is $45.93. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86. The firm has a market capitalization of $25.64 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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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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