JPMorgan Chase & Co. Buys 2,374,913 Shares of Fidelity Total Bond ETF $FBND

JPMorgan Chase & Co. boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 25.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,574,323 shares of the company’s stock after buying an additional 2,374,913 shares during the period. JPMorgan Chase & Co.’s holdings in Fidelity Total Bond ETF were worth $532,882,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. grew its holdings in shares of Fidelity Total Bond ETF by 26.9% in the 4th quarter. Endeavor Private Wealth Inc. now owns 9,429 shares of the company’s stock worth $437,000 after purchasing an additional 1,997 shares during the last quarter. Greykasell Wealth Strategies Inc. lifted its holdings in Fidelity Total Bond ETF by 4.1% during the 4th quarter. Greykasell Wealth Strategies Inc. now owns 174,815 shares of the company’s stock valued at $8,048,000 after purchasing an additional 6,909 shares during the last quarter. LCW Services LLC bought a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $370,000. MCF Advisors LLC boosted its position in Fidelity Total Bond ETF by 43,508.2% in the fourth quarter. MCF Advisors LLC now owns 143,907 shares of the company’s stock valued at $6,664,000 after buying an additional 143,577 shares in the last quarter. Finally, Mascagni Wealth Management Inc. boosted its position in Fidelity Total Bond ETF by 0.8% in the fourth quarter. Mascagni Wealth Management Inc. now owns 64,366 shares of the company’s stock valued at $2,963,000 after buying an additional 480 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of Fidelity Total Bond ETF stock opened at $45.31 on Thursday. The stock has a market capitalization of $25.39 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The firm’s 50-day moving average price is $45.62 and its two-hundred day moving average price is $45.99. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86.

Fidelity Total Bond ETF Company 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.