NewEdge Wealth LLC Boosts Stake in Fidelity Total Bond ETF $FBND

NewEdge Wealth LLC lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 92.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 261,847 shares of the company’s stock after purchasing an additional 125,646 shares during the quarter. NewEdge Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $11,945,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Total Bond ETF by 3.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after buying an additional 2,925,667 shares during the last quarter. Morgan Stanley boosted its holdings 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 valued at $1,598,339,000 after acquiring an additional 4,830,198 shares during the period. Bank of America Corp DE grew its position in shares of Fidelity Total Bond ETF by 5.6% during the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after acquiring an additional 683,930 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after acquiring an additional 2,374,913 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Fidelity Total Bond ETF by 25.2% in the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after acquiring an additional 1,887,404 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.02 on Thursday. The firm’s fifty day simple moving average is $45.41 and its 200-day simple moving average is $45.80. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock has a market capitalization of $26.97 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.