Bleakley Financial Group LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 3.1% in the 1st quarter, Holdings Channel reports. The fund owned 902,747 shares of the company’s stock after purchasing an additional 26,898 shares during the period. Bleakley Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $41,183,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Morgan Stanley boosted its holdings in shares of 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 period. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Total Bond ETF by 3.9% in 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 buying an additional 3,390,440 shares during the period. Align Financial LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $141,726,000. JPMorgan Chase & Co. lifted its position in 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 worth $532,882,000 after buying an additional 2,374,913 shares in the last quarter. Finally, Dynasty Wealth Management LLC lifted its position in Fidelity Total Bond ETF by 30.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock worth $398,264,000 after buying an additional 1,993,799 shares in the last quarter.
Fidelity Total Bond ETF Stock Down 0.3%
Fidelity Total Bond ETF stock opened at $45.10 on Tuesday. The company’s fifty day simple moving average is $45.47 and its 200-day simple moving average is $45.86. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock has a market cap of $26.79 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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