Clearwave Capital LLC Invests $5.30 Million in Fidelity Total Bond ETF $FBND

Clearwave Capital LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 115,144 shares of the company’s stock, valued at approximately $5,301,000. Fidelity Total Bond ETF makes up approximately 3.9% of Clearwave Capital LLC’s investment portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Morgan Stanley grew 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 worth $1,598,339,000 after buying an additional 4,830,198 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 acquiring an additional 3,390,440 shares in the last quarter. Align Financial LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter worth $141,726,000. JPMorgan Chase & Co. grew its position in 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 last quarter. Finally, Dynasty Wealth Management LLC increased its holdings in Fidelity Total Bond ETF by 30.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock worth $398,264,000 after purchasing an additional 1,993,799 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.61 on Friday. The business’s 50-day moving average price is $45.60 and its 200-day moving average price is $45.95. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The firm has a market capitalization of $25.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.