Fidelity Total Bond ETF $FBND Stake Increased by Diversify Wealth Management LLC

Diversify Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 35.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,046 shares of the company’s stock after acquiring an additional 64,734 shares during the period. Diversify Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $11,241,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Morgan Stanley increased 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 buying an additional 4,830,198 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Total Bond ETF by 3.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after acquiring an additional 3,390,440 shares in the last quarter. Align Financial LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter worth $141,726,000. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 2,374,913 shares during the period. Finally, Dynasty Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 30.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock worth $398,264,000 after purchasing an additional 1,993,799 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND traded down $0.03 during trading on Friday, reaching $45.25. 2,903,796 shares of the company’s stock traded hands, compared to its average volume of 2,808,518. The stock has a market capitalization of $26.88 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The company has a 50 day moving average of $45.48 and a 200-day moving average of $45.87.

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.