Northwestern Mutual Wealth Management Co. Has $4.26 Billion Stock Holdings in Fidelity Total Bond ETF $FBND

Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,442,810 shares of the company’s stock after acquiring an additional 2,925,667 shares during the quarter. Fidelity Total Bond ETF accounts for 2.7% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 7th largest position. Northwestern Mutual Wealth Management Co. owned about 17.68% of Fidelity Total Bond ETF worth $4,256,067,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FBND. Cerity Partners LLC lifted its holdings in shares of Fidelity Total Bond ETF by 400.5% in the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after acquiring an additional 32,071 shares during the last quarter. Betterment LLC boosted its holdings in Fidelity Total Bond ETF by 2.7% during the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after acquiring an additional 2,597 shares during the period. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the 2nd quarter valued at $49,000. Graney & King LLC boosted its holdings in Fidelity Total Bond ETF by 7.3% during the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after acquiring an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Fidelity Total Bond ETF by 40.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after acquiring an additional 1,924 shares during the period.

Fidelity Total Bond ETF Stock Down 0.2%

FBND opened at $45.47 on Friday. The business has a fifty day moving average of $45.66 and a 200 day moving average of $46.05. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86. The stock has a market cap of $25.48 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.