Fidelity Total Bond ETF $FBND Shares Acquired by Weaver Consulting Group

Weaver Consulting Group grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1,188.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 198,196 shares of the company’s stock after purchasing an additional 182,808 shares during the period. Fidelity Total Bond ETF comprises 1.7% of Weaver Consulting Group’s holdings, making the stock its 12th largest holding. Weaver Consulting Group’s holdings in Fidelity Total Bond ETF were worth $8,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Fidelity Total Bond ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after buying an additional 871,672 shares in the last quarter. JPMorgan Chase & Co. lifted 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 acquiring an additional 2,374,913 shares during the period. LPL Financial LLC boosted its position in shares of 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 worth $432,181,000 after acquiring an additional 1,887,404 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after acquiring an additional 587,351 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Fidelity Total Bond ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after acquiring an additional 930,834 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock traded down $0.01 during midday trading on Wednesday, hitting $43.34. 3,888,840 shares of the company traded hands, compared to its average volume of 3,093,055. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86. The stock has a market cap of $27.94 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm’s fifty day moving average price is $44.49 and its 200-day moving average price is $45.16.

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.