Dynamic Advisor Solutions LLC Acquires 42,304 Shares of Fidelity Total Bond ETF $FBND

Dynamic Advisor Solutions LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 988,443 shares of the company’s stock after buying an additional 42,304 shares during the period. Fidelity Total Bond ETF makes up approximately 1.3% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 7th largest position. Dynamic Advisor Solutions LLC’s holdings in Fidelity Total Bond ETF were worth $45,706,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after acquiring an additional 4,963,926 shares in the last quarter. Bank of America Corp DE grew its stake in Fidelity Total Bond ETF by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after purchasing an additional 629,015 shares in the last quarter. Sagespring Wealth Partners LLC increased its holdings in Fidelity Total Bond ETF by 1.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after purchasing an additional 177,177 shares during the period. Country Trust Bank raised its position in Fidelity Total Bond ETF by 3.3% in the 2nd quarter. Country Trust Bank now owns 6,186,144 shares of the company’s stock valued at $283,016,000 after purchasing an additional 194,869 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Fidelity Total Bond ETF by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock valued at $259,347,000 after purchasing an additional 571,082 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $46.39 on Friday. The business has a 50-day simple moving average of $46.44 and a 200-day simple moving average of $46.04. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company has a market cap of $22.17 billion, a PE ratio of 8.94 and a beta of 0.28.

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.