Fidelity Total Bond ETF $FBND Shares Acquired by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,226,626 shares of the company’s stock after acquiring an additional 135,819 shares during the period. Fidelity Total Bond ETF makes up about 8.0% of Summit Financial Strategies Inc.’s holdings, making the stock its 4th largest holding. Summit Financial Strategies Inc. owned approximately 0.40% of Fidelity Total Bond ETF worth $101,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake in 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 during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Total Bond ETF by 3.9% in the 3rd 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 purchased a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at approximately $141,726,000. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Total Bond ETF by 25.8% in 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. Finally, Dynasty Wealth Management LLC lifted 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 acquiring an additional 1,993,799 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND traded down $0.03 during mid-day trading on Friday, reaching $45.25. 2,903,796 shares of the company were exchanged, compared to its average volume of 2,808,518. 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 simple moving average is $45.48 and its 200 day simple moving average is $45.87. The firm has a market cap of $26.88 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.