IHT Wealth Management LLC Acquires 49,273 Shares of Fidelity Total Bond ETF $FBND

IHT Wealth Management LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 40.2% in the fourth quarter, HoldingsChannel reports. The firm owned 171,718 shares of the company’s stock after purchasing an additional 49,273 shares during the period. IHT Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $7,906,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 worth $4,256,067,000 after purchasing an additional 2,925,667 shares in the last quarter. Morgan Stanley boosted its holdings in Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after purchasing an additional 4,830,198 shares in the last quarter. Bank of America Corp DE boosted its holdings in Fidelity Total Bond ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after purchasing an additional 683,930 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its holdings in Fidelity Total Bond ETF by 3.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after acquiring an additional 311,221 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.48 on Thursday. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86. The company has a 50-day moving average of $45.61 and a two-hundred day moving average of $45.96. The stock has a market capitalization of $25.48 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF 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.