Legacy Wealth Management LLC grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 57.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,495,432 shares of the company’s stock after buying an additional 1,995,732 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 13.1% of Legacy Wealth Management LLC’s portfolio, making the stock its 3rd biggest position. Legacy Wealth Management LLC owned approximately 0.94% of Fidelity Total Bond ETF worth $249,987,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in FBND. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 buying an additional 2,925,667 shares during the period. Morgan Stanley raised its holdings 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 acquiring an additional 4,830,198 shares in the last quarter. Bank of America Corp DE lifted its stake in Fidelity Total Bond ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after acquiring an additional 871,672 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 worth $532,882,000 after acquiring an additional 2,374,913 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in Fidelity Total Bond ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock worth $432,181,000 after acquiring an additional 1,887,404 shares during the last quarter.
Fidelity Total Bond ETF Price Performance
NYSEARCA FBND opened at $45.00 on Monday. Fidelity Total Bond ETF has a 52 week low of $44.65 and a 52 week high of $46.86. The firm has a 50 day moving average of $45.31 and a two-hundred day moving average of $45.70. The stock has a market capitalization of $27.26 billion, a PE ratio of 8.94 and a beta of 0.27.
Fidelity Total Bond ETF 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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