CRA Financial Services LLC Increases Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

CRA Financial Services LLC grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 47.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,178 shares of the company’s stock after buying an additional 31,997 shares during the quarter. Fidelity Total Bond ETF accounts for 0.8% of CRA Financial Services LLC’s portfolio, making the stock its 29th largest position. CRA Financial Services LLC’s holdings in Fidelity Total Bond ETF were worth $4,527,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FBND. Sagespring Wealth Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $395,300,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $196,442,000. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Total Bond ETF by 39.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock valued at $322,809,000 after buying an additional 2,024,839 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $78,895,000. Finally, Dynasty Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 142.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock valued at $131,936,000 after buying an additional 1,725,938 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.4%

NYSEARCA:FBND opened at $45.31 on Friday. The company’s 50 day moving average price is $45.15 and its 200-day moving average price is $45.28. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $47.30. The stock has a market cap of $18.69 billion, a price-to-earnings ratio of 8.94 and a beta of 0.26.

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.