Wealthspan Partners LLC Increases Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Wealthspan Partners LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 39.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 71,549 shares of the company’s stock after purchasing an additional 20,145 shares during the period. Fidelity Total Bond ETF accounts for approximately 1.5% of Wealthspan Partners LLC’s portfolio, making the stock its 17th biggest position. Wealthspan Partners LLC’s holdings in Fidelity Total Bond ETF were worth $3,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC lifted its stake in Fidelity Total Bond ETF by 2.2% during the 3rd quarter. FMR LLC now owns 12,604,148 shares of the company’s stock valued at $589,118,000 after acquiring an additional 267,811 shares during the period. Country Trust Bank raised its holdings in shares of Fidelity Total Bond ETF by 0.5% during the fourth quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after purchasing an additional 31,173 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after purchasing an additional 520,113 shares during the period. RFG Advisory LLC boosted its holdings in Fidelity Total Bond ETF by 6.2% in the fourth quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock valued at $192,650,000 after purchasing an additional 250,764 shares during the last quarter. Finally, Mather Group LLC. grew its position in Fidelity Total Bond ETF by 4,145.0% during the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after purchasing an additional 3,461,472 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.04 on Monday. The firm has a market capitalization of $8.99 billion, a P/E ratio of 8.85 and a beta of 0.19. The stock has a 50-day simple moving average of $45.23 and a two-hundred day simple moving average of $45.83. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30.

Fidelity Total Bond ETF 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.