Fidelity Total Bond ETF $FBND Position Raised by Wealth Management Resources Inc.

Wealth Management Resources Inc. increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 713,610 shares of the company’s stock after buying an additional 24,401 shares during the quarter. Fidelity Total Bond ETF comprises approximately 10.7% of Wealth Management Resources Inc.’s portfolio, making the stock its 2nd biggest position. Wealth Management Resources Inc.’s holdings in Fidelity Total Bond ETF were worth $32,997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity Total Bond ETF by 6.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after acquiring an additional 4,963,926 shares during the last quarter. Bank of America Corp DE lifted its position in Fidelity Total Bond ETF by 5.4% during the second 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 period. Sagespring Wealth Partners LLC boosted its holdings in Fidelity Total Bond ETF by 1.9% in the second quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after purchasing an additional 177,177 shares during the last quarter. Country Trust Bank boosted its holdings in Fidelity Total Bond ETF by 3.3% in the second quarter. Country Trust Bank now owns 6,186,144 shares of the company’s stock worth $283,016,000 after purchasing an additional 194,869 shares during the last quarter. 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 period.

Fidelity Total Bond ETF Trading Down 0.0%

Shares of FBND opened at $46.39 on Friday. The firm has a fifty day simple moving average of $46.41 and a two-hundred day simple moving average of $46.09. The firm has a market cap of $22.17 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86.

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.