Capital Wealth Management LLC Increases Holdings in Fidelity Total Bond ETF $FBND

Capital Wealth Management LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 663,628 shares of the company’s stock after buying an additional 38,115 shares during the period. Fidelity Total Bond ETF accounts for approximately 6.3% of Capital Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Capital Wealth Management LLC owned approximately 0.11% of Fidelity Total Bond ETF worth $30,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new position in Fidelity Total Bond ETF during the 1st quarter valued at about $25,000. Community Financial Services Group LLC acquired a new position in Fidelity Total Bond ETF during the 2nd quarter valued at about $32,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $37,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $37,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $44.62 on Wednesday. The stock has a market cap of $27.03 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company has a 50 day moving average of $45.12 and a 200-day moving average of $45.56. Fidelity Total Bond ETF has a one year low of $44.60 and a one 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.