Sagespring Wealth Partners LLC Has $456.39 Million Stake in Fidelity Total Bond ETF $FBND

Sagespring Wealth Partners LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,869,968 shares of the company’s stock after purchasing an additional 136,223 shares during the period. Fidelity Total Bond ETF accounts for about 3.8% of Sagespring Wealth Partners LLC’s investment portfolio, making the stock its 5th biggest holding. Sagespring Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $456,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GWN Securities Inc. raised its stake in Fidelity Total Bond ETF by 1.3% in the third quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock worth $1,017,000 after buying an additional 277 shares in the last quarter. Insight Wealth Strategies LLC grew its holdings in shares of Fidelity Total Bond ETF by 1.6% during the 3rd quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock worth $811,000 after acquiring an additional 281 shares during the period. Barnes Dennig Private Wealth Management LLC raised its position in shares of Fidelity Total Bond ETF by 8.9% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 3,508 shares of the company’s stock worth $162,000 after acquiring an additional 288 shares in the last quarter. Cedar Point Capital Partners LLC lifted its stake in shares of Fidelity Total Bond ETF by 1.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 21,005 shares of the company’s stock valued at $971,000 after purchasing an additional 292 shares during the period. Finally, AssuredPartners Investment Advisors LLC lifted its stake in shares of Fidelity Total Bond ETF by 1.8% in the 3rd quarter. AssuredPartners Investment Advisors LLC now owns 17,722 shares of the company’s stock valued at $819,000 after purchasing an additional 311 shares during the period.

Fidelity Total Bond ETF Stock Up 0.1%

NYSEARCA FBND opened at $46.16 on Friday. The firm has a market capitalization of $23.84 billion, a PE ratio of 8.94 and a beta of 0.28. The stock’s 50 day moving average is $46.26 and its 200 day moving average is $46.18. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86.

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.