Storen Legacy Partners LLC Has $12.36 Million Position in Fidelity Total Bond ETF $FBND

Storen Legacy Partners LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 16.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,750 shares of the company’s stock after purchasing an additional 38,462 shares during the quarter. Fidelity Total Bond ETF comprises 3.4% of Storen Legacy Partners LLC’s portfolio, making the stock its 11th largest holding. Storen Legacy Partners LLC’s holdings in Fidelity Total Bond ETF were worth $12,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Morgan Stanley raised its position in shares of Fidelity Total Bond ETF by 16.2% in the fourth 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 period. Northwestern Mutual Wealth Management Co. lifted 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 buying an additional 3,390,440 shares during the last quarter. Align Financial LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth $141,726,000. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after buying an additional 2,374,913 shares during the period. Finally, Legacy Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 57.0% during the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after buying an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Trading Up 0.3%

NYSEARCA:FBND opened at $45.04 on Friday. The firm has a market capitalization of $27.29 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.65 and a 1 year high of $46.86. The firm’s fifty day simple moving average is $45.27 and its 200 day simple moving average is $45.67.

Fidelity Total Bond ETF 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.