Concurrent Investment Advisors LLC Grows Stock Position in Fidelity Total Bond ETF $FBND

Concurrent Investment Advisors LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 37.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 61,365 shares of the company’s stock after buying an additional 16,851 shares during the period. Concurrent Investment Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $2,807,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Total Bond ETF by 10.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock valued at $3,705,081,000 after acquiring an additional 7,778,802 shares during the period. JPMorgan Chase & Co. grew its position in shares of Fidelity Total Bond ETF by 42.2% during the 1st quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock valued at $467,086,000 after acquiring an additional 3,037,583 shares during the period. Sagespring Wealth Partners LLC grew its position in shares of Fidelity Total Bond ETF by 8.5% during the 1st quarter. Sagespring Wealth Partners LLC now owns 9,556,568 shares of the company’s stock valued at $436,257,000 after acquiring an additional 746,666 shares during the period. Dynasty Wealth Management LLC grew its position in shares of Fidelity Total Bond ETF by 103.0% during the 1st quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock valued at $272,546,000 after acquiring an additional 3,029,917 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Fidelity Total Bond ETF by 10.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,097,709 shares of the company’s stock valued at $232,710,000 after acquiring an additional 490,739 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2%

NYSEARCA:FBND opened at $46.49 on Tuesday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.82. The stock has a market capitalization of $21.54 billion, a PE ratio of 8.94 and a beta of 0.17. The stock’s 50-day moving average price is $46.16 and its 200-day moving average price is $45.63.

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.