Modern Wealth Management LLC Has $64.73 Million Stock Holdings in Fidelity Total Bond ETF $FBND

Modern Wealth Management LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,414,942 shares of the company’s stock after purchasing an additional 111,767 shares during the period. Fidelity Total Bond ETF comprises about 1.6% of Modern Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Modern Wealth Management LLC owned about 0.33% of Fidelity Total Bond ETF worth $64,734,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Legacy Solutions LLC lifted its holdings in Fidelity Total Bond ETF by 0.8% during the 2nd quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock worth $2,247,000 after buying an additional 382 shares during the last quarter. Benchmark Financial Wealth Advisors LLC raised its position in shares of Fidelity Total Bond ETF by 3.5% during the 2nd quarter. Benchmark Financial Wealth Advisors LLC now owns 12,939 shares of the company’s stock valued at $592,000 after acquiring an additional 442 shares in the last quarter. Cozad Asset Management Inc. raised its position in shares of Fidelity Total Bond ETF by 0.7% during the 2nd quarter. Cozad Asset Management Inc. now owns 67,218 shares of the company’s stock valued at $3,075,000 after acquiring an additional 455 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Fidelity Total Bond ETF by 0.7% during the second quarter. Flagship Harbor Advisors LLC now owns 70,683 shares of the company’s stock worth $3,234,000 after purchasing an additional 522 shares during the last quarter. Finally, Post Resch Tallon Group Inc. boosted its holdings in Fidelity Total Bond ETF by 2.4% in the second quarter. Post Resch Tallon Group Inc. now owns 22,616 shares of the company’s stock worth $1,035,000 after purchasing an additional 530 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $46.15 on Friday. The firm has a market cap of $22.05 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The firm has a fifty day moving average price of $46.44 and a two-hundred day moving average price of $46.01.

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.