Fidelity Total Bond ETF $FBND Shares Bought by Capital Wealth Management LLC

Capital Wealth Management LLC grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 625,513 shares of the company’s stock after purchasing an additional 53,398 shares during the period. Fidelity Total Bond ETF comprises approximately 7.7% of Capital Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Capital Wealth Management LLC owned 0.11% of Fidelity Total Bond ETF worth $28,536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Management Network Inc. increased its holdings in Fidelity Total Bond ETF by 20.3% in the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock valued at $5,673,000 after buying an additional 20,803 shares in the last quarter. Sunburst Financial Group LLC raised its position in shares of Fidelity Total Bond ETF by 2.6% in the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after acquiring an additional 28,089 shares during the period. Genesis Private Wealth LLC raised its position in shares of Fidelity Total Bond ETF by 9.0% in the fourth quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock worth $14,523,000 after acquiring an additional 26,093 shares during the period. OLIO Financial Planning boosted its stake in shares of Fidelity Total Bond ETF by 5.8% during the 4th quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock worth $44,923,000 after acquiring an additional 53,318 shares in the last quarter. Finally, Advisor OS LLC boosted its stake in shares of Fidelity Total Bond ETF by 39.1% during the 3rd quarter. Advisor OS LLC now owns 72,492 shares of the company’s stock worth $3,352,000 after acquiring an additional 20,362 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

NYSEARCA:FBND opened at $45.54 on Wednesday. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The stock has a market capitalization of $25.52 billion, a PE ratio of 8.94 and a beta of 0.27. The stock’s 50-day moving average price is $45.59 and its 200-day moving average price is $45.93.

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.