Diversify Wealth Management LLC Raises Position in Fidelity Total Bond ETF $FBND

Diversify Wealth Management LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 35.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 247,046 shares of the company’s stock after buying an additional 64,734 shares during the quarter. Diversify Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $11,241,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity Total Bond ETF by 3.3% in 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 raised its stake 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 purchasing an additional 4,830,198 shares during the period. Bank of America Corp DE lifted its position in shares of Fidelity Total Bond ETF by 5.6% during the third 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. lifted its position in shares of Fidelity Total Bond ETF by 25.8% during 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 in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its stake 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 valued at $468,742,000 after purchasing an additional 311,221 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND traded down $0.03 during trading hours on Friday, reaching $45.25. 2,903,796 shares of the stock traded hands, compared to its average volume of 2,808,518. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The company has a market cap of $26.88 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The firm’s fifty day simple moving average is $45.48 and its two-hundred day simple moving average is $45.87.

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.