Riverpoint Wealth Management Holdings LLC Has $23.84 Million Position in Fidelity Total Bond ETF $FBND

Riverpoint Wealth Management Holdings LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 522,603 shares of the company’s stock after purchasing an additional 38,218 shares during the period. Fidelity Total Bond ETF accounts for approximately 5.1% of Riverpoint Wealth Management Holdings LLC’s portfolio, making the stock its 7th largest position. Riverpoint Wealth Management Holdings LLC owned 0.09% of Fidelity Total Bond ETF worth $23,841,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Cerity Partners LLC lifted its holdings in Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after buying an additional 32,071 shares during the period. Betterment LLC boosted its position in Fidelity Total Bond ETF by 2.7% during the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after acquiring an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter worth about $49,000. Graney & King LLC grew its holdings in Fidelity Total Bond ETF by 7.3% during the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after acquiring an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Fidelity Total Bond ETF by 40.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after acquiring an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.10 on Tuesday. The company has a market capitalization of $26.79 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The business’s 50-day moving average is $45.47 and its 200-day moving average is $45.86. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year 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.