Alexander Labrunerie & CO. Inc. Has $3.84 Million Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Alexander Labrunerie & CO. Inc. decreased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 84,211 shares of the company’s stock after selling 1,908 shares during the period. Fidelity Total Bond ETF comprises approximately 1.7% of Alexander Labrunerie & CO. Inc.’s portfolio, making the stock its 19th largest position. Alexander Labrunerie & CO. Inc.’s holdings in Fidelity Total Bond ETF were worth $3,844,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in Fidelity Total Bond ETF by 2.1% in the 4th quarter. FMR LLC now owns 12,865,154 shares of the company’s stock valued at $577,259,000 after buying an additional 261,006 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Fidelity Total Bond ETF by 8.4% during the fourth quarter. Bank of America Corp DE now owns 11,296,969 shares of the company’s stock worth $506,895,000 after purchasing an additional 879,260 shares during the period. Sagespring Wealth Partners LLC raised its stake in Fidelity Total Bond ETF by 8.5% during the first quarter. Sagespring Wealth Partners LLC now owns 9,556,568 shares of the company’s stock worth $436,257,000 after buying an additional 746,666 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Fidelity Total Bond ETF by 39.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock worth $322,809,000 after buying an additional 2,024,839 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its stake in Fidelity Total Bond ETF by 103.0% in the first quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock valued at $272,546,000 after purchasing an additional 3,029,917 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.36 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $47.30. The stock has a market capitalization of $19.35 billion, a P/E ratio of 8.94 and a beta of 0.17. The company has a 50-day moving average price of $45.32 and a 200-day moving average price of $45.28.

Fidelity Total Bond ETF Company 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.