CMH Wealth Management LLC Acquires 54,101 Shares of Fidelity Total Bond ETF $FBND

CMH Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 34.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,527 shares of the company’s stock after purchasing an additional 54,101 shares during the quarter. Fidelity Total Bond ETF comprises about 1.5% of CMH Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. CMH Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $9,566,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Morgan Stanley lifted its stake 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 worth $1,598,339,000 after buying an additional 4,830,198 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Total Bond ETF by 3.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $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 in the 4th quarter worth approximately $141,726,000. JPMorgan Chase & Co. raised its stake in shares of Fidelity Total Bond ETF by 25.8% in the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after purchasing an additional 2,374,913 shares in the last quarter. Finally, Legacy Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after purchasing an additional 1,995,732 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $44.75 on Tuesday. Fidelity Total Bond ETF has a one year low of $44.65 and a one year high of $46.86. The stock has a fifty day moving average price of $45.14 and a 200 day moving average price of $45.57. The stock has a market cap of $27.11 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.