Fidelity Total Bond ETF $FBND Stock Holdings Lifted by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,363,514 shares of the company’s stock after purchasing an additional 67,500 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 2.6% of Rehmann Capital Advisory Group’s holdings, making the stock its 6th biggest position. Rehmann Capital Advisory Group owned about 0.23% of Fidelity Total Bond ETF worth $62,093,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FBND. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 worth $4,256,067,000 after buying an additional 2,925,667 shares during the last quarter. Morgan Stanley increased its holdings in Fidelity Total Bond ETF by 16.2% during the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after buying an additional 4,830,198 shares during the last quarter. Bank of America Corp DE increased its holdings in Fidelity Total Bond ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after buying an additional 871,672 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 worth $532,882,000 after acquiring an additional 2,374,913 shares during the period. Finally, LPL Financial LLC raised its position in Fidelity Total Bond ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock worth $432,181,000 after acquiring an additional 1,887,404 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $44.75 on Tuesday. Fidelity Total Bond ETF has a 1-year low of $44.65 and a 1-year high of $46.86. The company’s fifty day simple moving average is $45.14 and its 200-day simple moving average is $45.57. The stock has a market capitalization of $27.11 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.