Tsfg LLC Boosts Stake in Fidelity Total Bond ETF $FBND

Tsfg LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 82.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 352,719 shares of the company’s stock after acquiring an additional 159,001 shares during the quarter. Fidelity Total Bond ETF accounts for about 2.0% of Tsfg LLC’s investment portfolio, making the stock its 11th largest position. Tsfg LLC owned 0.06% of Fidelity Total Bond ETF worth $16,045,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Total Bond ETF by 3.3% during the fourth 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 last quarter. 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 valued at $432,181,000 after purchasing an additional 1,887,404 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $44.62 on Wednesday. Fidelity Total Bond ETF has a one year low of $44.60 and a one year high of $46.86. The stock has a market cap of $27.03 billion, a PE ratio of 8.94 and a beta of 0.27. The firm has a 50 day simple moving average of $45.12 and a two-hundred day simple moving average of $45.56.

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.