Canvas Wealth Advisors LLC Has $4.14 Million Position in Fidelity Total Bond ETF $FBND

Canvas Wealth Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 38.7% in the first quarter, HoldingsChannel.com reports. The firm owned 90,568 shares of the company’s stock after buying an additional 25,252 shares during the period. Fidelity Total Bond ETF comprises 0.7% of Canvas Wealth Advisors LLC’s holdings, making the stock its 29th largest position. Canvas Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $4,144,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of Fidelity Total Bond ETF by 16.2% during the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after buying an additional 4,830,198 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Total Bond ETF by 3.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after purchasing an additional 3,390,440 shares during the last quarter. Align Financial LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $141,726,000. JPMorgan Chase & Co. raised its stake in shares of Fidelity Total Bond ETF by 25.8% in the fourth 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 during the last quarter. Finally, Dynasty Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 30.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after purchasing an additional 1,993,799 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

Shares of NYSEARCA:FBND opened at $45.43 on Tuesday. The business’s 50 day moving average is $45.52 and its 200 day moving average is $45.89. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The stock has a market cap of $26.61 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.