Quotient Wealth Partners LLC Has $150.36 Million Stake in Fidelity Total Bond ETF $FBND

Quotient Wealth Partners LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,286,565 shares of the company’s stock after acquiring an additional 105,134 shares during the quarter. Fidelity Total Bond ETF makes up about 4.4% of Quotient Wealth Partners LLC’s investment portfolio, making the stock its 8th largest position. Quotient Wealth Partners LLC owned approximately 0.77% of Fidelity Total Bond ETF worth $150,360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FBND. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Total Bond ETF by 10.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock worth $3,705,081,000 after acquiring an additional 7,778,802 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Fidelity Total Bond ETF by 42.2% in the first quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock valued at $467,086,000 after purchasing an additional 3,037,583 shares during the last quarter. Dynasty Wealth Management LLC increased its holdings 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 during the last quarter. Ritholtz Wealth Management increased its holdings in Fidelity Total Bond ETF by 64.3% in the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock valued at $165,200,000 after purchasing an additional 1,412,766 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Fidelity Total Bond ETF by 8,037.4% in the first quarter. Jane Street Group LLC now owns 1,260,488 shares of the company’s stock valued at $57,541,000 after purchasing an additional 1,244,998 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.2%

NYSEARCA FBND opened at $46.67 on Friday. The stock has a 50-day simple moving average of $46.22 and a 200 day simple moving average of $45.66. The company has a market capitalization of $21.63 billion, a PE ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.82.

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.