Fidelity Total Bond ETF $FBND Shares Acquired by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 140,317 shares of the company’s stock after acquiring an additional 2,140 shares during the period. Fidelity Total Bond ETF makes up 1.6% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Magnolia Capital Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $6,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity Total Bond ETF by 10.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock valued at $3,705,081,000 after acquiring an additional 7,778,802 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Fidelity Total Bond ETF by 42.2% during the 1st quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock valued at $467,086,000 after acquiring an additional 3,037,583 shares during the last quarter. Sagespring Wealth Partners LLC raised its stake in Fidelity Total Bond ETF by 1.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock valued at $445,319,000 after acquiring an additional 177,177 shares during the last quarter. Dynasty Wealth Management LLC raised its stake in Fidelity Total Bond ETF by 103.0% during the 1st quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock valued at $272,546,000 after acquiring an additional 3,029,917 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Fidelity Total Bond ETF by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock valued at $259,347,000 after acquiring an additional 571,082 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

FBND opened at $46.32 on Tuesday. The business has a 50 day moving average price of $46.40 and a two-hundred day moving average price of $45.78. The company has a market cap of $22.13 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week 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.