Fidelity Total Bond ETF $FBND is Prudent Investors Network Inc.’s Largest Position

Prudent Investors Network Inc. increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 22.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,314,388 shares of the company’s stock after purchasing an additional 240,988 shares during the quarter. Fidelity Total Bond ETF makes up approximately 13.9% of Prudent Investors Network Inc.’s investment portfolio, making the stock its largest position. Prudent Investors Network Inc. owned about 0.25% of Fidelity Total Bond ETF worth $60,514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Total Bond ETF by 3.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after buying an additional 3,390,440 shares during the last quarter. Bank of America Corp DE boosted its stake in Fidelity Total Bond ETF by 5.6% during the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after buying an additional 683,930 shares during the last quarter. Sagespring Wealth Partners LLC boosted its stake in 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 worth $468,742,000 after buying an additional 311,221 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Fidelity Total Bond ETF by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock worth $425,381,000 after buying an additional 445,810 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in Fidelity Total Bond ETF by 13.4% during the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after buying an additional 786,693 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.22 on Friday. The stock’s fifty day moving average is $45.78 and its two-hundred day moving average is $46.12. The firm has a market capitalization of $25.34 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a fifty-two week low of $44.73 and a fifty-two week 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.