Fidelity Total Bond ETF $FBND is Mountain Hill Investment Partners Corp.’s Largest Position

Mountain Hill Investment Partners Corp. grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1,502.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,412 shares of the company’s stock after purchasing an additional 237,602 shares during the quarter. Fidelity Total Bond ETF comprises approximately 10.3% of Mountain Hill Investment Partners Corp.’s portfolio, making the stock its largest holding. Mountain Hill Investment Partners Corp. owned approximately 0.05% of Fidelity Total Bond ETF worth $11,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FBND. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after purchasing an additional 4,963,926 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its holdings in Fidelity Total Bond ETF by 4,220.9% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after buying an additional 1,970,997 shares in the last quarter. Ritholtz Wealth Management increased its position in Fidelity Total Bond ETF by 64.3% during the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock worth $165,200,000 after purchasing an additional 1,412,766 shares during the last quarter. Sax Wealth Advisors LLC increased its position in Fidelity Total Bond ETF by 41.4% during the second quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock worth $120,997,000 after purchasing an additional 774,471 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in Fidelity Total Bond ETF during the second quarter worth about $35,221,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $46.17 on Wednesday. The company has a market capitalization of $23.70 billion, a P/E ratio of 8.94 and a beta of 0.28. The company has a 50 day simple moving average of $46.29 and a 200-day simple moving average of $46.15. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86.

Fidelity Total Bond ETF 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.