Envestnet Portfolio Solutions Inc. Grows Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Envestnet Portfolio Solutions Inc. raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.6% in the second quarter, Holdings Channel reports. The institutional investor owned 157,920 shares of the company’s stock after purchasing an additional 20,093 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity Total Bond ETF were worth $7,095,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Country Trust Bank increased its stake in shares of Fidelity Total Bond ETF by 12.7% during the second quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock worth $267,816,000 after purchasing an additional 672,872 shares in the last quarter. RFG Advisory LLC increased its stake in shares of Fidelity Total Bond ETF by 3.1% during the second quarter. RFG Advisory LLC now owns 3,689,608 shares of the company’s stock worth $165,774,000 after purchasing an additional 111,480 shares in the last quarter. Legacy Wealth Management Inc increased its stake in shares of Fidelity Total Bond ETF by 2.3% during the second quarter. Legacy Wealth Management Inc now owns 2,874,451 shares of the company’s stock worth $129,149,000 after purchasing an additional 65,956 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Total Bond ETF by 31.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock worth $121,868,000 after purchasing an additional 628,777 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Fidelity Total Bond ETF by 0.8% during the fourth quarter. UBS Group AG now owns 2,440,424 shares of the company’s stock worth $112,357,000 after purchasing an additional 18,964 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock traded up $0.08 on Wednesday, reaching $46.44. 1,299,052 shares of the company were exchanged, compared to its average volume of 1,266,191. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The business has a 50-day moving average price of $45.51 and a 200 day moving average price of $45.15. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.71.

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.