Fidelity Total Bond ETF $FBND Stake Raised by Blue Chip Partners LLC

Blue Chip Partners LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,979,026 shares of the company’s stock after buying an additional 106,593 shares during the period. Fidelity Total Bond ETF accounts for about 9.8% of Blue Chip Partners LLC’s portfolio, making the stock its biggest position. Blue Chip Partners LLC’s holdings in Fidelity Total Bond ETF were worth $135,903,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Morgan Stanley lifted its stake in Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after acquiring an additional 4,830,198 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Total Bond ETF by 3.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after purchasing an additional 3,390,440 shares during the last quarter. Align Financial LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter valued at $141,726,000. JPMorgan Chase & Co. boosted its holdings in 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 valued at $532,882,000 after purchasing an additional 2,374,913 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its holdings in 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 during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $44.97 on Monday. The business’s 50-day moving average is $45.39 and its two-hundred day moving average is $45.79. The company has a market capitalization of $27.10 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86.

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.