Fidelity Total Bond ETF $FBND Holdings Decreased by CPA Asset Management Group LLC

CPA Asset Management Group LLC trimmed its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 650,837 shares of the company’s stock after selling 29,343 shares during the period. Fidelity Total Bond ETF makes up about 10.0% of CPA Asset Management Group LLC’s holdings, making the stock its biggest position. CPA Asset Management Group LLC’s holdings in Fidelity Total Bond ETF were worth $29,691,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Total Bond ETF by 3.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after acquiring an additional 2,925,667 shares during the period. Morgan Stanley increased its holdings 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 valued at $1,598,339,000 after purchasing an additional 4,830,198 shares during the period. Bank of America Corp DE lifted its position in shares of Fidelity Total Bond ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after purchasing an additional 683,930 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fidelity Total Bond ETF by 25.8% in the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after purchasing an additional 2,374,913 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of 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 purchasing an additional 311,221 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.26 on Friday. The company’s 50 day moving average price is $45.45 and its 200 day moving average price is $45.83. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The company has a market capitalization of $26.88 billion, a PE ratio of 8.94 and a beta of 0.27.

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.