Fidelity Total Bond ETF $FBND Stock Holdings Decreased by CPA Asset Management LLC

CPA Asset Management LLC trimmed its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 611,705 shares of the company’s stock after selling 2,888 shares during the period. Fidelity Total Bond ETF comprises approximately 11.8% of CPA Asset Management LLC’s portfolio, making the stock its largest holding. CPA Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $27,986,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of FBND. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 buying an additional 7,778,802 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of 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 buying an additional 3,037,583 shares during the period. Dynasty Wealth Management LLC raised its holdings in shares of 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 buying an additional 3,029,917 shares during the period. Quotient Wealth Partners LLC raised its holdings in shares of 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 buying an additional 2,131,128 shares during the period. Finally, Royal Bank of Canada grew its stake in Fidelity Total Bond ETF by 60.9% in the fourth quarter. Royal Bank of Canada now owns 3,374,879 shares of the company’s stock worth $151,431,000 after purchasing an additional 1,277,575 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.2%

Shares of NYSEARCA:FBND opened at $46.51 on Friday. 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 $20.11 billion, a P/E ratio of 8.94 and a beta of 0.17. The business’s 50 day moving average is $45.81 and its 200 day moving average is $45.52.

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.