Fidelity Total Bond ETF $FBND Stock Bought by Ritholtz Wealth Management

Ritholtz Wealth Management increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,168,041 shares of the company’s stock after acquiring an additional 101,155 shares during the period. Fidelity Total Bond ETF makes up about 2.6% of Ritholtz Wealth Management’s holdings, making the stock its 7th biggest position. Ritholtz Wealth Management’s holdings in Fidelity Total Bond ETF were worth $180,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. First Command Advisory Services Inc. lifted its stake in Fidelity Total Bond ETF by 18.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 5,416 shares of the company’s stock worth $235,000 after purchasing an additional 827 shares in the last quarter. Kestra Investment Management LLC boosted its holdings in Fidelity Total Bond ETF by 26.1% in the 3rd quarter. Kestra Investment Management LLC now owns 32,766 shares of the company’s stock valued at $1,419,000 after purchasing an additional 6,778 shares during the period. Crosspoint Financial LLC boosted its holdings in Fidelity Total Bond ETF by 276.6% in the 3rd quarter. Crosspoint Financial LLC now owns 75,066 shares of the company’s stock valued at $3,250,000 after purchasing an additional 55,136 shares during the period. Family Capital Management Inc. grew its position in shares of Fidelity Total Bond ETF by 5.0% during the 3rd quarter. Family Capital Management Inc. now owns 104,305 shares of the company’s stock valued at $4,516,000 after purchasing an additional 4,988 shares in the last quarter. Finally, Landmark Wealth Management LLC grew its position in shares of Fidelity Total Bond ETF by 4.6% during the 3rd quarter. Landmark Wealth Management LLC now owns 191,647 shares of the company’s stock valued at $8,298,000 after purchasing an additional 8,466 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $44.00 on Thursday. The firm has a market capitalization of $28.37 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.78. The company has a fifty day moving average price of $43.97 and a 200-day moving average price of $45.20.

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.