Weatherly Asset Management L. P. Has $41.13 Million Stock Position in Fidelity Total Bond ETF $FBND

Weatherly Asset Management L. P. boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 898,544 shares of the company’s stock after buying an additional 15,924 shares during the period. Fidelity Total Bond ETF makes up 3.3% of Weatherly Asset Management L. P.’s holdings, making the stock its 4th biggest holding. Weatherly Asset Management L. P. owned about 0.16% of Fidelity Total Bond ETF worth $41,128,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth about $25,000. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $32,000. Clearstead Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the third quarter worth approximately $36,000. Tucker Asset Management LLC acquired a new stake in Fidelity Total Bond ETF during the fourth quarter worth approximately $37,000. Finally, Fifth Third Bancorp grew its stake in Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.61 on Friday. The company has a market cap of $25.56 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock has a 50 day simple moving average of $45.60 and a two-hundred day simple moving average of $45.95. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86.

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.