HighTower Advisors LLC Has $87.05 Million Position in Fidelity Total Bond ETF $FBND

HighTower Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,890,734 shares of the company’s stock after purchasing an additional 56,761 shares during the quarter. HighTower Advisors LLC owned 0.36% of Fidelity Total Bond ETF worth $87,049,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Total Bond ETF by 3.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after buying an additional 3,390,440 shares during the last quarter. Quotient Wealth Partners LLC raised its position in Fidelity Total Bond ETF by 39.8% in the 4th quarter. Quotient Wealth Partners LLC now owns 4,892,228 shares of the company’s stock valued at $225,238,000 after buying an additional 1,393,081 shares during the last quarter. Allworth Financial LP raised its position in Fidelity Total Bond ETF by 296.9% in the 4th quarter. Allworth Financial LP now owns 1,190,370 shares of the company’s stock valued at $54,805,000 after buying an additional 890,484 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Fidelity Total Bond ETF by 37.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock valued at $138,245,000 after buying an additional 816,419 shares during the last quarter. Finally, Dynasty Wealth Management LLC raised its position in Fidelity Total Bond ETF by 13.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after buying an additional 786,693 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.04 on Wednesday. The business’s 50 day simple moving average is $45.73 and its 200 day simple moving average is $46.09. Fidelity Total Bond ETF has a 52-week low of $44.73 and a 52-week high of $46.86. The firm has a market cap of $25.24 billion, a PE ratio of 8.94 and a beta of 0.28.

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.