Riverpoint Wealth Management Holdings LLC Purchases 35,214 Shares of Fidelity Total Bond ETF $FBND

Riverpoint Wealth Management Holdings LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 484,385 shares of the company’s stock after purchasing an additional 35,214 shares during the quarter. Fidelity Total Bond ETF comprises approximately 4.8% of Riverpoint Wealth Management Holdings LLC’s portfolio, making the stock its 8th largest holding. Riverpoint Wealth Management Holdings LLC’s holdings in Fidelity Total Bond ETF were worth $22,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the 4th quarter valued at approximately $32,000. Clearstead Advisors LLC acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $36,000. Tucker Asset Management LLC acquired a new stake in Fidelity Total Bond ETF in the 4th quarter valued at approximately $37,000. Key Capital Management INC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $49,000. Finally, Fifth Third Bancorp increased its position in shares of Fidelity Total Bond ETF by 78.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

NYSEARCA:FBND opened at $45.52 on Friday. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The stock’s 50 day moving average price is $45.65 and its two-hundred day moving average price is $46.05.

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.