Fidelity Total Bond ETF $FBND Position Boosted by Clearwave Capital LLC

Clearwave Capital LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.8% in the first quarter, Holdings Channel reports. The firm owned 127,605 shares of the company’s stock after purchasing an additional 12,461 shares during the period. Fidelity Total Bond ETF makes up about 4.0% of Clearwave Capital LLC’s investment portfolio, making the stock its 3rd biggest position. Clearwave Capital LLC’s holdings in Fidelity Total Bond ETF were worth $5,821,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley increased its position in shares of Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after acquiring an additional 4,830,198 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Total Bond ETF by 3.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after purchasing an additional 3,390,440 shares during the period. Align Financial LLC purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth $141,726,000. JPMorgan Chase & Co. increased its holdings in Fidelity Total Bond ETF by 25.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after purchasing an additional 2,374,913 shares in the last quarter. Finally, Dynasty Wealth Management LLC increased its holdings in Fidelity Total Bond ETF by 30.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after purchasing an additional 1,993,799 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.29 on Wednesday. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The business has a 50-day moving average of $45.51 and a 200-day moving average of $45.89.

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.