Fidelity Total Bond ETF $FBND is CMG Global Holdings LLC’s Largest Position

CMG Global Holdings LLC cut its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.5% in the second quarter, HoldingsChannel.com reports. The firm owned 317,111 shares of the company’s stock after selling 41,256 shares during the quarter. Fidelity Total Bond ETF accounts for about 7.7% of CMG Global Holdings LLC’s investment portfolio, making the stock its largest holding. CMG Global Holdings LLC’s holdings in Fidelity Total Bond ETF were worth $14,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in 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. lifted its stake in Fidelity Total Bond ETF by 42.2% during the first quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock worth $467,086,000 after purchasing an additional 3,037,583 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in Fidelity Total Bond ETF by 1.9% during the second quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after buying an additional 177,177 shares during the period. Dynasty Wealth Management LLC increased its position in Fidelity Total Bond ETF by 103.0% during the first quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock worth $272,546,000 after buying an additional 3,029,917 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Fidelity Total Bond ETF by 10.7% during the first quarter. Envestnet Asset Management Inc. now owns 5,097,709 shares of the company’s stock worth $232,710,000 after buying an additional 490,739 shares during the period.

Fidelity Total Bond ETF Trading Down 0.2%

Shares of FBND stock opened at $46.67 on Monday. The business’s 50 day moving average is $46.22 and its two-hundred day moving average is $45.65. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.82. The company has a market capitalization of $21.80 billion, a P/E ratio of 8.94 and a beta of 0.17.

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.