Riverpoint Wealth Management Holdings LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 7.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 522,603 shares of the company’s stock after purchasing an additional 38,218 shares during the quarter. Fidelity Total Bond ETF comprises 5.1% of Riverpoint Wealth Management Holdings LLC’s investment portfolio, making the stock its 7th largest holding. Riverpoint Wealth Management Holdings LLC’s holdings in Fidelity Total Bond ETF were worth $23,841,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Total Bond ETF by 3.3% during 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 acquiring an additional 2,925,667 shares in the last quarter. Morgan Stanley increased its stake in Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after purchasing an additional 4,830,198 shares in the last quarter. Bank of America Corp DE increased its stake 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. raised its holdings in shares of Fidelity Total Bond ETF by 25.8% during 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 during the period. Finally, Sagespring Wealth Partners LLC raised its holdings in shares of Fidelity Total Bond ETF by 3.2% during 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 during the period.
Fidelity Total Bond ETF Price Performance
FBND stock opened at $45.10 on Tuesday. The company’s 50-day moving average is $45.47 and its 200-day moving average is $45.86. The stock has a market capitalization of $26.79 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86.
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.
Featured Stories
- Five stocks we like better than Fidelity Total Bond ETF
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
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).
Receive News & Ratings for Fidelity Total Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Total Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
