Fidelity Total Bond ETF $FBND Stock Acquired by Riverpoint Wealth Management Holdings LLC

Riverpoint Wealth Management Holdings LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 579,914 shares of the company’s stock after buying an additional 28,156 shares during the period. Fidelity Total Bond ETF comprises about 4.6% of Riverpoint Wealth Management Holdings LLC’s investment portfolio, making the stock its 8th biggest position. Riverpoint Wealth Management Holdings LLC owned 0.09% of Fidelity Total Bond ETF worth $25,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Community Financial Services Group LLC bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth $32,000. Maryland Capital Advisors Inc. bought a new position in Fidelity Total Bond ETF in the second quarter valued at $37,000. Mosley Wealth Management purchased a new stake in Fidelity Total Bond ETF during the third quarter valued at about $64,000. PNC Financial Services Group Inc. raised its position in Fidelity Total Bond ETF by 1,098.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,433 shares of the company’s stock valued at $111,000 after purchasing an additional 2,230 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in Fidelity Total Bond ETF during the first quarter worth about $125,000.

Fidelity Total Bond ETF Price Performance

FBND stock traded down $0.04 during mid-day trading on Friday, hitting $43.68. 9,278,353 shares of the stock were exchanged, compared to its average volume of 3,308,511. The business has a fifty day moving average price of $43.93 and a 200 day moving average price of $45.17. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.78. The stock has a market capitalization of $28.16 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.