Ritholtz Wealth Management Has $174.69 Million Stock Position in Fidelity Total Bond ETF $FBND

Ritholtz Wealth Management grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,777,828 shares of the company’s stock after purchasing an additional 166,900 shares during the quarter. Fidelity Total Bond ETF makes up approximately 3.4% of Ritholtz Wealth Management’s investment portfolio, making the stock its 5th largest position. Ritholtz Wealth Management owned approximately 0.79% of Fidelity Total Bond ETF worth $174,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Management Network Inc. lifted its holdings in Fidelity Total Bond ETF by 17.8% during the 2nd quarter. Financial Management Network Inc. now owns 93,122 shares of the company’s stock valued at $4,249,000 after buying an additional 14,091 shares in the last quarter. Professional Financial Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 11.4% during the second quarter. Professional Financial Advisors LLC now owns 58,287 shares of the company’s stock worth $2,667,000 after acquiring an additional 5,955 shares during the period. KMG Fiduciary Partners LLC raised its stake in shares of Fidelity Total Bond ETF by 11.8% during the second quarter. KMG Fiduciary Partners LLC now owns 326,253 shares of the company’s stock valued at $14,926,000 after acquiring an additional 34,344 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Fidelity Total Bond ETF by 1.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 150,385 shares of the company’s stock valued at $6,862,000 after purchasing an additional 2,642 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in Fidelity Total Bond ETF in the second quarter worth approximately $8,717,000.

Fidelity Total Bond ETF Stock Down 0.1%

FBND opened at $46.21 on Friday. The stock’s fifty day moving average is $46.29 and its two-hundred day moving average is $46.15. The company has a market capitalization of $23.72 billion, a P/E 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 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.