Tidemark LLC Has $17.45 Million Holdings in Fidelity Total Bond ETF $FBND

Tidemark LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 379,078 shares of the company’s stock after purchasing an additional 39,797 shares during the quarter. Fidelity Total Bond ETF makes up about 5.0% of Tidemark LLC’s investment portfolio, making the stock its 2nd largest holding. Tidemark LLC owned about 0.07% of Fidelity Total Bond ETF worth $17,453,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FBND. Dynasty Wealth Management LLC grew its stake in Fidelity Total Bond ETF by 30.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock worth $398,264,000 after purchasing an additional 1,993,799 shares during the period. Beto Financial Group LLC purchased a new position in Fidelity Total Bond ETF during the fourth quarter valued at $4,793,000. Spinnaker Trust boosted its holdings in shares of Fidelity Total Bond ETF by 3.4% during the 4th quarter. Spinnaker Trust now owns 128,928 shares of the company’s stock valued at $5,936,000 after buying an additional 4,233 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth about $25,000. Finally, Peapack Gladstone Financial Corp grew its position in shares of Fidelity Total Bond ETF by 40.7% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,125,704 shares of the company’s stock worth $51,828,000 after buying an additional 325,786 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.53 on Wednesday. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86. The firm has a market cap of $25.51 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The company has a 50-day moving average of $45.64 and a 200 day moving average of $46.04.

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.