Quotient Wealth Partners LLC Grows Stake in Fidelity Total Bond ETF $FBND

Quotient Wealth Partners LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 32.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,501,284 shares of the company’s stock after purchasing an additional 1,609,056 shares during the period. Fidelity Total Bond ETF accounts for about 7.8% of Quotient Wealth Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Quotient Wealth Partners LLC owned approximately 1.18% of Fidelity Total Bond ETF worth $296,589,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after buying an additional 4,830,198 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Fidelity Total Bond ETF by 3.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after buying an additional 3,390,440 shares during the last quarter. Align Financial LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter worth $141,726,000. JPMorgan Chase & Co. raised its holdings in Fidelity Total Bond ETF by 25.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after acquiring an additional 2,374,913 shares during the period. Finally, Dynasty Wealth Management LLC raised its holdings in Fidelity Total Bond ETF by 30.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock worth $398,264,000 after acquiring an additional 1,993,799 shares during the period.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.61 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The firm has a fifty day moving average price of $45.60 and a two-hundred day moving average price of $45.95. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.