Worth Asset Management LLC Acquires 21,602 Shares of Fidelity Total Bond ETF $FBND

Worth Asset Management LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 59.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,178 shares of the company’s stock after acquiring an additional 21,602 shares during the quarter. Fidelity Total Bond ETF makes up 0.7% of Worth Asset Management LLC’s investment portfolio, making the stock its 28th largest position. Worth Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $2,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in shares of 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 valued at $670,926,000 after purchasing 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 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after buying an additional 2,374,913 shares in the last quarter. LPL Financial LLC grew its holdings in Fidelity Total Bond ETF by 25.2% during the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after buying an additional 1,887,404 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Fidelity Total Bond ETF by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after buying an additional 587,351 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Fidelity Total Bond ETF by 15.9% during the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after buying an additional 930,834 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.0%

Shares of NYSEARCA:FBND traded up $0.01 on Wednesday, hitting $43.35. The company had a trading volume of 4,305,418 shares, compared to its average volume of 3,096,599. Fidelity Total Bond ETF has a 52-week low of $43.11 and a 52-week high of $46.86. The business has a 50 day moving average of $44.49 and a 200 day moving average of $45.16. The company has a market cap of $27.95 billion, a PE ratio of 8.94 and a beta of 0.28.

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.