Leigh Baldwin & CO. LLC Buys 11,677 Shares of Fidelity Total Bond ETF $FBND

Leigh Baldwin & CO. LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,051 shares of the company’s stock after acquiring an additional 11,677 shares during the period. Fidelity Total Bond ETF accounts for about 2.7% of Leigh Baldwin & CO. LLC’s portfolio, making the stock its 8th biggest position. Leigh Baldwin & CO. LLC’s holdings in Fidelity Total Bond ETF were worth $4,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Total Bond ETF by 3.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after purchasing an additional 2,925,667 shares in the last quarter. Morgan Stanley increased its position in shares of Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after purchasing an additional 4,830,198 shares during the period. Bank of America Corp DE raised its stake in Fidelity Total Bond ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after purchasing an additional 871,672 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Fidelity Total Bond ETF by 25.8% in the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after purchasing an additional 2,374,913 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Fidelity Total Bond ETF by 25.2% during the fourth quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock worth $432,181,000 after purchasing an additional 1,887,404 shares during the period.

Fidelity Total Bond ETF Stock Down 0.3%

Shares of Fidelity Total Bond ETF stock opened at $44.84 on Friday. The company has a market capitalization of $27.02 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12-month low of $44.80 and a 12-month high of $46.86. The firm’s 50-day moving average price is $45.38 and its two-hundred day moving average price is $45.75.

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.