TritonPoint Partners LLC Acquires Shares of 79,748 Fidelity Total Bond ETF $FBND

TritonPoint Partners LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 79,748 shares of the company’s stock, valued at approximately $3,693,000. Fidelity Total Bond ETF makes up approximately 2.0% of TritonPoint Partners LLC’s holdings, making the stock its 12th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity Total Bond ETF by 3.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after buying an additional 2,925,667 shares in the last quarter. Morgan Stanley increased its holdings in Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after buying an additional 4,830,198 shares in the last quarter. Bank of America Corp DE increased its holdings in Fidelity Total Bond ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after buying an additional 683,930 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Fidelity Total Bond ETF by 25.8% in the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after buying an additional 2,374,913 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its holdings in Fidelity Total Bond ETF by 3.2% in the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after buying an additional 311,221 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.53 on Monday. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The company has a fifty day moving average of $45.62 and a two-hundred day moving average of $45.98. The stock has a market capitalization of $25.51 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.