Fidelity Total Bond ETF $FBND Shares Purchased by Navalign LLC

Navalign LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 990,542 shares of the company’s stock after purchasing an additional 51,469 shares during the period. Fidelity Total Bond ETF accounts for about 11.2% of Navalign LLC’s investment portfolio, making the stock its biggest holding. Navalign LLC owned 0.19% of Fidelity Total Bond ETF worth $45,605,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Total Bond ETF by 3.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after purchasing an additional 3,390,440 shares during the last quarter. Quotient Wealth Partners LLC boosted its position in Fidelity Total Bond ETF by 39.8% during the fourth quarter. Quotient Wealth Partners LLC now owns 4,892,228 shares of the company’s stock valued at $225,238,000 after purchasing an additional 1,393,081 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Fidelity Total Bond ETF by 37.6% during the third quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock valued at $138,245,000 after purchasing an additional 816,419 shares during the last quarter. Dynasty Wealth Management LLC boosted its position in Fidelity Total Bond ETF by 13.4% during the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after purchasing an additional 786,693 shares during the last quarter. Finally, Modern Wealth Management LLC boosted its position in Fidelity Total Bond ETF by 54.3% during the third quarter. Modern Wealth Management LLC now owns 2,170,408 shares of the company’s stock valued at $100,360,000 after purchasing an additional 764,134 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.51 on Thursday. The stock has a 50 day moving average price of $45.82 and a 200 day moving average price of $46.14. Fidelity Total Bond ETF has a 52 week low of $44.73 and a 52 week high of $46.86. The stock has a market capitalization of $25.50 billion, a PE 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.