Fidelity Total Bond ETF $FBND is Mustico Financial Group Inc.’s 6th Largest Position

Mustico Financial Group Inc. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 37.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 199,757 shares of the company’s stock after buying an additional 54,085 shares during the period. Fidelity Total Bond ETF comprises approximately 7.6% of Mustico Financial Group Inc.’s holdings, making the stock its 6th largest position. Mustico Financial Group Inc.’s holdings in Fidelity Total Bond ETF were worth $9,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $4,256,067,000 after buying an additional 2,925,667 shares during the last quarter. Morgan Stanley raised its stake in Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after buying an additional 4,830,198 shares during the last quarter. Bank of America Corp DE raised its stake in Fidelity Total Bond ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after buying an additional 683,930 shares during the last quarter. JPMorgan Chase & Co. raised its stake 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 valued at $532,882,000 after buying an additional 2,374,913 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its stake in Fidelity Total Bond ETF by 3.2% during the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after buying an additional 311,221 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.4%

Shares of FBND opened at $45.48 on Thursday. The firm has a market cap of $25.48 billion, a PE ratio of 8.94 and a beta of 0.27. The firm has a fifty day simple moving average of $45.61 and a two-hundred day simple moving average of $45.96. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year 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.