Genesis Private Wealth LLC Acquires 11,231 Shares of Fidelity Total Bond ETF $FBND

Genesis Private Wealth LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 289,359 shares of the company’s stock after purchasing an additional 11,231 shares during the period. Fidelity Total Bond ETF makes up approximately 5.6% of Genesis Private Wealth LLC’s holdings, making the stock its 2nd largest position. Genesis Private Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $13,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity Total Bond ETF by 6.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after buying an additional 4,963,926 shares during the last quarter. Bank of America Corp DE raised its stake in Fidelity Total Bond ETF by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock valued at $561,396,000 after purchasing an additional 629,015 shares during the last quarter. Sagespring Wealth Partners LLC boosted its holdings in Fidelity Total Bond ETF by 1.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock valued at $445,319,000 after purchasing an additional 177,177 shares during the period. Country Trust Bank boosted its holdings in Fidelity Total Bond ETF by 3.3% in the 2nd quarter. Country Trust Bank now owns 6,186,144 shares of the company’s stock valued at $283,016,000 after purchasing an additional 194,869 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Fidelity Total Bond ETF by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock worth $259,347,000 after purchasing an additional 571,082 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $46.39 on Friday. The company has a 50-day simple moving average of $46.44 and a 200-day simple moving average of $46.04. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The firm has a market capitalization of $22.17 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF 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.