Fidelity Total Bond ETF $FBND Shares Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,095,153 shares of the company’s stock after buying an additional 126,484 shares during the quarter. Fidelity Total Bond ETF comprises 1.4% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 5th largest position. Dynamic Advisor Solutions LLC owned 0.19% of Fidelity Total Bond ETF worth $49,819,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Total Bond ETF by 3.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after purchasing an additional 2,925,667 shares during the period. Morgan Stanley boosted its holdings in 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 purchasing an additional 4,830,198 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after buying an additional 871,672 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after buying an additional 2,374,913 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Fidelity Total Bond ETF by 25.2% during the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock worth $432,181,000 after buying an additional 1,887,404 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.06 on Thursday. Fidelity Total Bond ETF has a one year low of $44.65 and a one year high of $46.86. The firm has a market cap of $27.30 billion, a PE ratio of 8.94 and a beta of 0.27. The firm’s 50 day moving average price is $45.33 and its 200-day moving average price is $45.72.

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.