Waverly Advisors LLC Increases Stock Holdings in Fidelity Total Bond ETF $FBND

Waverly Advisors LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 617,014 shares of the company’s stock after acquiring an additional 25,505 shares during the quarter. Waverly Advisors LLC owned about 0.11% of Fidelity Total Bond ETF worth $28,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Morgan Stanley grew its stake 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 valued at $1,598,339,000 after purchasing an additional 4,830,198 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 worth $4,139,273,000 after purchasing an additional 3,390,440 shares during the last quarter. Align Financial LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $141,726,000. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Total Bond ETF by 25.8% during the fourth 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 period. Finally, Dynasty Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 30.0% during the fourth 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 period.

Fidelity Total Bond ETF Stock Up 0.1%

Shares of NYSEARCA FBND opened at $44.97 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The business’s 50 day moving average price is $45.39 and its 200 day moving average price is $45.79. The firm has a market cap of $27.10 billion, a P/E 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.