Modern Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 38.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,015,653 shares of the company’s stock after purchasing an additional 1,388,283 shares during the quarter. Fidelity Total Bond ETF makes up approximately 3.9% of Modern Wealth Management LLC’s portfolio, making the stock its biggest position. Modern Wealth Management LLC owned approximately 0.90% of Fidelity Total Bond ETF worth $228,764,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FBND. Root Financial Partners LLC acquired a new stake in Fidelity Total Bond ETF during the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF in the 1st quarter valued at $25,000. Tucker Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at $37,000. Key Capital Management INC purchased a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at $49,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at $49,000.
Fidelity Total Bond ETF Price Performance
Shares of NYSEARCA:FBND opened at $44.93 on Friday. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The firm has a market capitalization of $27.07 billion, a P/E ratio of 8.94 and a beta of 0.27. The company’s fifty day moving average price is $45.40 and its 200 day moving average price is $45.79.
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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