Targeted Financial Services LLC Makes New $22.45 Million Investment in Fidelity Total Bond ETF $FBND

Targeted Financial Services LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 487,686 shares of the company’s stock, valued at approximately $22,453,000. Fidelity Total Bond ETF comprises 19.3% of Targeted Financial Services LLC’s holdings, making the stock its 2nd largest position. Targeted Financial Services LLC owned about 0.09% of Fidelity Total Bond ETF at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FBND. Morgan Stanley raised its holdings in Fidelity Total Bond ETF by 16.2% during the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after acquiring an additional 4,830,198 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Fidelity Total Bond ETF by 3.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after purchasing an additional 3,390,440 shares in the last quarter. Align Financial LLC bought a new position in Fidelity Total Bond ETF in the fourth quarter valued at approximately $141,726,000. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 2,374,913 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 30.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock worth $398,264,000 after purchasing an additional 1,993,799 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.61 on Friday. The stock has a market cap of $25.56 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The business’s 50 day moving average is $45.60 and its 200-day moving average is $45.95.

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.