Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Acquired by Norris Perne & French LLP MI

Norris Perne & French LLP MI lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 43.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,988 shares of the company’s stock after buying an additional 14,424 shares during the period. Norris Perne & French LLP MI’s holdings in Fidelity Total Bond ETF were worth $2,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sagespring Wealth Partners LLC purchased a new position in Fidelity Total Bond ETF in the 4th quarter worth $395,300,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $196,442,000. JPMorgan Chase & Co. raised its stake in shares of Fidelity Total Bond ETF by 39.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock worth $322,809,000 after purchasing an additional 2,024,839 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $78,895,000. Finally, Dynasty Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 142.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after purchasing an additional 1,725,938 shares during the period.

Fidelity Total Bond ETF Stock Up 0.1%

Shares of NYSEARCA FBND opened at $45.39 on Thursday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $47.30. The business’s 50 day moving average price is $45.16 and its 200 day moving average price is $45.27. The firm has a market cap of $18.72 billion, a P/E ratio of 8.94 and a beta of 0.26.

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.