OakTrust Wealth Advisors LLC Makes New Investment in Fidelity Total Bond ETF $FBND

OakTrust Wealth Advisors LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 122,295 shares of the company’s stock, valued at approximately $5,630,000. Fidelity Total Bond ETF comprises 5.2% of OakTrust Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest position.

Several other institutional investors also recently made changes to their positions in FBND. Morgan Stanley raised its position 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 buying an additional 4,830,198 shares during the period. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $4,139,273,000 after acquiring an additional 3,390,440 shares during the period. Align Financial LLC acquired a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $141,726,000. JPMorgan Chase & Co. increased its stake in Fidelity Total Bond ETF by 25.8% during the fourth 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. Finally, Dynasty Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 30.0% in the 4th 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.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.61 on Friday. The company has a market cap of $25.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock’s 50-day moving average is $45.61 and its 200-day moving average is $45.95.

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.