Fidelity Total Bond ETF $FBND Shares Purchased by Riverbend Wealth Management LLC

Riverbend Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 71.7% during the third quarter, Holdings Channel reports. The institutional investor owned 83,868 shares of the company’s stock after buying an additional 35,016 shares during the period. Fidelity Total Bond ETF makes up 1.6% of Riverbend Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Riverbend Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $3,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after acquiring an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after acquiring an additional 587,351 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Fidelity Total Bond ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after acquiring an additional 930,834 shares during the period. Quotient Wealth Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 32.9% in the first quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after acquiring an additional 1,609,056 shares during the last quarter. Finally, Sax Wealth Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 49.8% in the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after acquiring an additional 2,236,473 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $43.83 on Friday. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.86. The firm has a 50 day moving average price of $44.30 and a 200 day moving average price of $45.06. The company has a market cap of $28.26 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.