Fidelity Total Bond ETF $FBND Stock Position Boosted by Modern Wealth Management LLC

Modern Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 38.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,015,653 shares of the company’s stock after acquiring an additional 1,388,283 shares during the period. Fidelity Total Bond ETF accounts for about 3.9% of Modern Wealth Management LLC’s holdings, making the stock its biggest position. Modern Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $228,764,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FBND. Dickmeyer Boyce Financial Management Inc. purchased a new position in Fidelity Total Bond ETF during the 1st quarter worth $11,012,000. Lido Advisors LLC acquired a new position in Fidelity Total Bond ETF in the first quarter valued at $1,996,000. Cetera Investment Advisers raised its holdings in shares of Fidelity Total Bond ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after buying an additional 930,834 shares during the last quarter. Wealthspire Retirement LLC raised its holdings in shares of Fidelity Total Bond ETF by 5.3% in the first quarter. Wealthspire Retirement LLC now owns 677,767 shares of the company’s stock valued at $30,920,000 after buying an additional 33,895 shares during the last quarter. Finally, Signature Equity Partners LLC boosted its stake in shares of Fidelity Total Bond ETF by 5.4% during the first quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock worth $216,000 after buying an additional 244 shares during the period.

Fidelity Total Bond ETF Stock Down 0.2%

NYSEARCA FBND opened at $44.93 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 $45.40 and its 200 day moving average price is $45.79. The firm has a market cap of $27.07 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.