Fortitude Advisory Group L.L.C. Raises Stock Position in Fidelity Total Bond ETF $FBND

Fortitude Advisory Group L.L.C. grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4,181.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 413,412 shares of the company’s stock after purchasing an additional 403,757 shares during the period. Fidelity Total Bond ETF comprises approximately 8.1% of Fortitude Advisory Group L.L.C.’s holdings, making the stock its 3rd largest holding. Fortitude Advisory Group L.L.C.’s holdings in Fidelity Total Bond ETF were worth $19,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Total Bond ETF by 3.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after buying an additional 2,925,667 shares in the last quarter. Morgan Stanley lifted its position in Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after buying an additional 4,830,198 shares in the last quarter. Bank of America Corp DE lifted its position in Fidelity Total Bond ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after buying an additional 683,930 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after buying an additional 2,374,913 shares in the last quarter. Finally, Sagespring Wealth Partners LLC lifted its position in Fidelity Total Bond ETF by 3.2% during the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after buying an additional 311,221 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.53 on Friday. The company’s 50-day moving average price is $45.62 and its two-hundred day moving average price is $45.98. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The stock has a market capitalization of $25.51 billion, a PE ratio of 8.94 and a beta of 0.27.

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.