Capital Wealth Management LLC Buys 38,115 Shares of Fidelity Total Bond ETF $FBND

Capital Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 663,628 shares of the company’s stock after buying an additional 38,115 shares during the quarter. Fidelity Total Bond ETF comprises 6.3% of Capital Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Capital Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $30,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cerity Partners LLC raised its position in shares of Fidelity Total Bond ETF by 400.5% in the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after acquiring an additional 32,071 shares during the period. Betterment LLC grew its holdings in Fidelity Total Bond ETF by 2.7% during the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after purchasing an additional 2,597 shares during the period. Darwin Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the second quarter valued at approximately $49,000. Graney & King LLC increased its stake in Fidelity Total Bond ETF by 7.3% in the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after purchasing an additional 3,402 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Fidelity Total Bond ETF by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after purchasing an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $44.62 on Wednesday. The firm’s fifty day moving average is $45.12 and its two-hundred day moving average is $45.56. The firm has a market cap of $27.03 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.60 and a twelve month high of $46.86.

About Fidelity Total Bond ETF

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.