Cornerstone Wealth Management LLC Boosts Holdings in Fidelity Total Bond ETF $FBND

Cornerstone Wealth Management LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.8% in the fourth quarter, HoldingsChannel reports. The fund owned 256,940 shares of the company’s stock after purchasing an additional 31,193 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $11,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. lifted its position in 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 acquiring an additional 3,390,440 shares during the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of Fidelity Total Bond ETF by 39.8% in the fourth quarter. Quotient Wealth Partners LLC now owns 4,892,228 shares of the company’s stock worth $225,238,000 after buying an additional 1,393,081 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Fidelity Total Bond ETF by 296.9% in the fourth quarter. Allworth Financial LP now owns 1,190,370 shares of the company’s stock worth $54,805,000 after buying an additional 890,484 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Fidelity Total Bond ETF by 37.6% in the third quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock worth $138,245,000 after buying an additional 816,419 shares during the last quarter. Finally, Dynasty Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 13.4% in the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after buying an additional 786,693 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.0%

NYSEARCA FBND opened at $45.50 on Friday. The company has a fifty day simple moving average of $45.80 and a two-hundred day simple moving average of $46.13. The stock has a market cap of $25.49 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12-month low of $44.73 and a 12-month high of $46.86.

Fidelity Total Bond ETF 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.