Courier Capital LLC Has $12.01 Million Stake in Fidelity Total Bond ETF $FBND

Courier Capital LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 262,411 shares of the company’s stock after purchasing an additional 10,252 shares during the period. Courier Capital LLC’s holdings in Fidelity Total Bond ETF were worth $12,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity Total Bond ETF by 10.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock valued at $3,705,081,000 after buying an additional 7,778,802 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Fidelity Total Bond ETF by 42.2% in the first quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock valued at $467,086,000 after buying an additional 3,037,583 shares during the period. Sagespring Wealth Partners LLC boosted its stake in shares of Fidelity Total Bond ETF by 1.9% in the second quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock valued at $445,319,000 after buying an additional 177,177 shares during the period. Dynasty Wealth Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 103.0% in the first quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock valued at $272,546,000 after buying an additional 3,029,917 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Total Bond ETF by 10.7% in the first quarter. Envestnet Asset Management Inc. now owns 5,097,709 shares of the company’s stock valued at $232,710,000 after buying an additional 490,739 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $46.49 on Tuesday. The business has a fifty day moving average price of $46.16 and a two-hundred day moving average price of $45.63. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two 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.

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.