Cornerstone Wealth Group LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 11.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,509 shares of the company’s stock after purchasing an additional 39,275 shares during the quarter. Fidelity Total Bond ETF comprises approximately 1.1% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 21st biggest holding. Cornerstone Wealth Group LLC’s holdings in Fidelity Total Bond ETF were worth $16,964,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the 1st quarter valued at $25,000. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth $32,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth $36,000. Finally, Tucker Asset Management LLC bought a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $37,000.
Fidelity Total Bond ETF Trading Up 0.1%
FBND opened at $45.82 on Friday. The stock has a 50-day moving average price of $45.58 and a 200-day moving average price of $45.93. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The stock has a market capitalization of $25.67 billion, a P/E 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.
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