Riverpoint Wealth Management Holdings LLC Raises Stock Holdings in Fidelity Total Bond ETF $FBND

Riverpoint Wealth Management Holdings LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 484,385 shares of the company’s stock after buying an additional 35,214 shares during the period. Fidelity Total Bond ETF makes up 4.8% of Riverpoint Wealth Management Holdings LLC’s portfolio, making the stock its 8th biggest position. Riverpoint Wealth Management Holdings LLC owned approximately 0.09% of Fidelity Total Bond ETF worth $22,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dupree Financial Group LLC boosted its holdings 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 worth $651,000 after buying an additional 219 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Fidelity Total Bond ETF by 0.6% during the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after buying an additional 220 shares during the last quarter. RWA Wealth Partners LLC boosted its holdings in Fidelity Total Bond ETF by 2.6% during the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after buying an additional 241 shares during the last quarter. Capital CS Group LLC boosted its holdings in Fidelity Total Bond ETF by 4.8% during the third quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock worth $288,000 after buying an additional 286 shares during the last quarter. Finally, Investment Advisory Group LLC raised its position in shares of Fidelity Total Bond ETF by 0.4% during the fourth quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock worth $3,277,000 after purchasing an additional 303 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $45.52 on Friday. The firm has a market cap of $25.50 billion, a P/E ratio of 8.94 and a beta of 0.28. The stock’s 50-day moving average is $45.65 and its 200-day moving average is $46.05. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86.

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.