Fidelity Total Bond ETF $FBND Shares Purchased by Drake & Associates LLC

Drake & Associates LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 918,570 shares of the company’s stock after purchasing an additional 80,943 shares during the quarter. Fidelity Total Bond ETF comprises about 8.4% of Drake & Associates LLC’s portfolio, making the stock its biggest position. Drake & Associates LLC’s holdings in Fidelity Total Bond ETF were worth $42,291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Total Bond ETF by 3.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after buying an additional 2,925,667 shares during the period. Morgan Stanley grew its position in shares of 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 during the period. Bank of America Corp DE grew its position in shares of 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 during the period. JPMorgan Chase & Co. increased its stake in shares of Fidelity Total Bond ETF by 25.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its stake in shares of Fidelity Total Bond ETF by 3.2% in the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after acquiring an additional 311,221 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.3%

Fidelity Total Bond ETF stock opened at $45.61 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The firm’s fifty day moving average is $45.61 and its 200 day moving average is $45.95. The company has a market capitalization of $25.56 billion, a PE ratio of 8.94 and a beta of 0.27.

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.