123,342 Shares in Fidelity Total Bond ETF $FBND Purchased by Schwallier Wealth Management LLC

Schwallier Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 123,342 shares of the company’s stock, valued at approximately $5,627,000. Fidelity Total Bond ETF accounts for about 4.1% of Schwallier Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of FBND. Morgan Stanley grew its stake 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 buying an additional 4,830,198 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Total Bond ETF by 3.9% during 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 buying an additional 3,390,440 shares during the period. Align Financial LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at approximately $141,726,000. JPMorgan Chase & Co. lifted its holdings in 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 valued at $532,882,000 after acquiring an additional 2,374,913 shares during the last quarter. Finally, Dynasty Wealth Management LLC lifted its holdings in Fidelity Total Bond ETF by 30.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after acquiring an additional 1,993,799 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.28 on Thursday. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The stock has a 50 day moving average of $45.45 and a 200 day moving average of $45.84.

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.