Cornerstone Wealth Group LLC Boosts Position in Fidelity Total Bond ETF $FBND

Cornerstone Wealth Group LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 369,509 shares of the company’s stock after buying an additional 39,275 shares during the period. Fidelity Total Bond ETF accounts for approximately 1.1% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 21st largest holding. Cornerstone Wealth Group LLC owned approximately 0.07% of Fidelity Total Bond ETF worth $16,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dupree Financial Group LLC grew its stake in Fidelity Total Bond ETF by 1.6% during the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after acquiring an additional 219 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Fidelity Total Bond ETF by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after purchasing an additional 220 shares in the last quarter. RWA Wealth Partners LLC boosted its holdings in Fidelity Total Bond ETF by 2.6% in the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after purchasing an additional 241 shares during the period. Investment Advisory Group LLC boosted its holdings in Fidelity Total Bond ETF by 0.4% in the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after purchasing an additional 303 shares during the period. Finally, Keystone Financial Group grew its position in shares of Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock valued at $477,000 after purchasing an additional 315 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $45.82 on Friday. The firm has a market capitalization of $25.67 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The company has a fifty day moving average price of $45.58 and a 200-day moving average price of $45.93.

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.