LPL Financial LLC Buys 1,887,404 Shares of Fidelity Total Bond ETF $FBND

LPL Financial LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 25.2% during the fourth quarter, Holdings Channel reports. The fund owned 9,387,074 shares of the company’s stock after acquiring an additional 1,887,404 shares during the period. LPL Financial LLC’s holdings in Fidelity Total Bond ETF were worth $432,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Milestone Investment Advisors LLC grew its holdings in Fidelity Total Bond ETF by 5.0% during the 4th quarter. Milestone Investment Advisors LLC now owns 275,916 shares of the company’s stock worth $12,703,000 after acquiring an additional 13,144 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Fidelity Total Bond ETF by 25.8% during 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 last quarter. Endeavor Private Wealth Inc. boosted its stake in shares of Fidelity Total Bond ETF by 26.9% in the 4th quarter. Endeavor Private Wealth Inc. now owns 9,429 shares of the company’s stock valued at $437,000 after purchasing an additional 1,997 shares during the last quarter. Greykasell Wealth Strategies Inc. boosted its stake in shares of Fidelity Total Bond ETF by 4.1% in the 4th quarter. Greykasell Wealth Strategies Inc. now owns 174,815 shares of the company’s stock valued at $8,048,000 after purchasing an additional 6,909 shares during the last quarter. Finally, LCW Services LLC bought a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $370,000.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of NYSEARCA FBND opened at $45.26 on Tuesday. The firm has a market capitalization of $25.36 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86. The firm’s 50-day moving average is $45.62 and its 200-day moving average is $46.00.

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.