Envestnet Asset Management Inc. Acquires 571,082 Shares of Fidelity Total Bond ETF $FBND

Envestnet Asset Management Inc. increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,668,791 shares of the company’s stock after buying an additional 571,082 shares during the period. Envestnet Asset Management Inc.’s holdings in Fidelity Total Bond ETF were worth $259,347,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. increased its position in Fidelity Total Bond ETF by 10.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock worth $3,705,081,000 after purchasing an additional 7,778,802 shares during the last quarter. JPMorgan Chase & Co. increased its position in Fidelity Total Bond ETF by 42.2% in the first quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock worth $467,086,000 after purchasing an additional 3,037,583 shares during the last quarter. Dynasty Wealth Management LLC increased its position in Fidelity Total Bond ETF by 103.0% in the first quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock worth $272,546,000 after purchasing an additional 3,029,917 shares during the last quarter. Quotient Wealth Partners LLC increased its position in Fidelity Total Bond ETF by 202.9% in the first quarter. Quotient Wealth Partners LLC now owns 3,181,431 shares of the company’s stock worth $145,232,000 after purchasing an additional 2,131,128 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in Fidelity Total Bond ETF by 64.3% in the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock worth $165,200,000 after purchasing an additional 1,412,766 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

FBND stock opened at $46.76 on Monday. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.85. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. The firm’s fifty day simple moving average is $46.32 and its two-hundred day simple moving average is $45.71.

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.