Fell Capital Management ADV Buys 14,894 Shares of Fidelity Total Bond ETF $FBND

Fell Capital Management ADV lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 95.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,554 shares of the company’s stock after buying an additional 14,894 shares during the period. Fidelity Total Bond ETF comprises about 1.3% of Fell Capital Management ADV’s holdings, making the stock its 26th largest position. Fell Capital Management ADV’s holdings in Fidelity Total Bond ETF were worth $1,394,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Total Bond ETF by 3.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after acquiring an additional 2,925,667 shares in the last quarter. Morgan Stanley grew its stake in shares of Fidelity Total Bond ETF by 16.2% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after acquiring an additional 4,830,198 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of 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 purchasing an additional 683,930 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 2,374,913 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its position in shares of Fidelity Total Bond ETF by 3.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after purchasing an additional 311,221 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $45.20 on Wednesday. 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 market capitalization of $26.85 billion, a P/E ratio of 8.94 and a beta of 0.27. The company’s 50-day moving average is $45.46 and its 200 day moving average is $45.85.

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.