Fidelity Total Bond ETF $FBND Shares Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 588,317 shares of the company’s stock after purchasing an additional 67,193 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 1.7% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 6th largest holding. Koshinski Asset Management Inc.’s holdings in Fidelity Total Bond ETF were worth $26,839,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Total Bond ETF by 3.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after acquiring an additional 2,925,667 shares during the period. Morgan Stanley lifted its position in shares of Fidelity Total Bond ETF by 16.2% during the 4th 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 during the period. Bank of America Corp DE grew its holdings in shares of Fidelity Total Bond ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after purchasing an additional 683,930 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Total Bond ETF by 25.8% during the 4th 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 in the last quarter. Finally, Sagespring Wealth Partners LLC increased its position in shares of Fidelity Total Bond ETF by 3.2% in the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after purchasing an additional 311,221 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.47 on Friday. The company has a market cap of $26.64 billion, a PE ratio of 8.94 and a beta of 0.27. The business has a 50-day simple moving average of $45.53 and a 200 day simple moving average of $45.90. Fidelity Total Bond ETF has a 52 week low of $44.82 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.