Opes Wealth Management LLC Acquires 10,670 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Opes Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,401 shares of the company’s stock after purchasing an additional 10,670 shares during the quarter. Fidelity Total Bond ETF comprises approximately 1.8% of Opes Wealth Management LLC’s holdings, making the stock its 14th largest position. Opes Wealth Management LLC owned about 0.10% of Fidelity Total Bond ETF worth $8,768,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its stake in Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock valued at $1,869,000 after purchasing an additional 1,188 shares during the period. Marshall Financial Group LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $843,000. Arete Wealth Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 78.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after acquiring an additional 196,783 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Fidelity Total Bond ETF by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after acquiring an additional 520,113 shares during the period. Finally, Centerline Wealth Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $15,492,000.

Fidelity Total Bond ETF Trading Up 0.4 %

Shares of FBND stock opened at $45.32 on Friday. The stock has a 50 day moving average of $45.09 and a two-hundred day moving average of $45.81. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The company has a market capitalization of $9.04 billion, a P/E ratio of 8.85 and a beta of 0.19.

About Fidelity Total Bond ETF

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.