Fidelity Total Bond ETF $FBND is Leelyn Smith LLC’s 5th Largest Position

Leelyn Smith LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.5% during the first quarter, HoldingsChannel reports. The firm owned 674,311 shares of the company’s stock after purchasing an additional 46,840 shares during the period. Fidelity Total Bond ETF comprises 4.3% of Leelyn Smith LLC’s holdings, making the stock its 5th biggest position. Leelyn Smith LLC’s holdings in Fidelity Total Bond ETF were worth $30,762,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Morgan Stanley grew its holdings in shares of Fidelity Total Bond ETF by 16.2% during the fourth 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Total Bond ETF by 3.9% in 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 buying an additional 3,390,440 shares during the last quarter. Align Financial LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $141,726,000. JPMorgan Chase & Co. lifted its stake 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 buying an additional 2,374,913 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its position in Fidelity Total Bond ETF by 30.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock worth $398,264,000 after acquiring an additional 1,993,799 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.47 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The stock has a market cap of $26.56 billion, a PE ratio of 8.94 and a beta of 0.27. The company has a 50-day moving average of $45.53 and a 200 day moving average of $45.90.

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.