NewEdge Advisors LLC Increases Stock Position in Fidelity Total Bond ETF $FBND

NewEdge Advisors LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,278,631 shares of the company’s stock after acquiring an additional 54,232 shares during the period. NewEdge Advisors LLC owned approximately 0.23% of Fidelity Total Bond ETF worth $58,331,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Apollon Financial LLC bought a new stake in Fidelity Total Bond ETF during the fourth quarter valued at $750,000. Capital Wealth Management LLC grew its stake in Fidelity Total Bond ETF by 9.3% in the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after buying an additional 53,398 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in Fidelity Total Bond ETF by 5.8% in the 4th quarter. Cornerstone Wealth Group LLC now owns 330,234 shares of the company’s stock worth $15,204,000 after buying an additional 18,123 shares in the last quarter. Juno Financial Group LLC bought a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth $18,667,000. Finally, Forbes Financial Planning Inc. increased its holdings in shares of Fidelity Total Bond ETF by 12.4% in the 4th quarter. Forbes Financial Planning Inc. now owns 361,739 shares of the company’s stock worth $16,655,000 after buying an additional 39,856 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $44.92 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.65 and a fifty-two week high of $46.86. The stock has a market cap of $27.21 billion, a P/E ratio of 8.94 and a beta of 0.27. The firm’s fifty day moving average price is $45.32 and its 200-day moving average price is $45.71.

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.