Stratos Wealth Partners LTD. Acquires 7,035 Shares of Fidelity Total Bond ETF $FBND

Stratos Wealth Partners LTD. raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.0% in the second quarter, Holdings Channel reports. The institutional investor owned 77,215 shares of the company’s stock after acquiring an additional 7,035 shares during the period. Stratos Wealth Partners LTD.’s holdings in Fidelity Total Bond ETF were worth $3,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of FBND. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Total Bond ETF by 10.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock worth $3,705,081,000 after purchasing an additional 7,778,802 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Fidelity Total Bond ETF by 42.2% during 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 period. Dynasty Wealth Management LLC increased its position 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 worth $272,546,000 after buying an additional 3,029,917 shares in the last quarter. Quotient Wealth Partners LLC raised its stake in shares of Fidelity Total Bond ETF by 202.9% in the first quarter. Quotient Wealth Partners LLC now owns 3,181,431 shares of the company’s stock worth $145,232,000 after buying an additional 2,131,128 shares during the period. Finally, Ritholtz Wealth Management lifted its position in shares of Fidelity Total Bond ETF by 64.3% during the 2nd quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock valued at $165,200,000 after buying an additional 1,412,766 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.2%

Shares of NYSEARCA:FBND opened at $46.67 on Friday. The stock has a 50 day moving average of $46.22 and a 200 day moving average of $45.66. The company has a market cap of $21.80 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.