Ullmann Wealth Partners Group LLC Takes Position in Fidelity Total Bond ETF $FBND

Ullmann Wealth Partners Group LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 124,567 shares of the company’s stock, valued at approximately $5,760,000. Fidelity Total Bond ETF makes up about 0.6% of Ullmann Wealth Partners Group LLC’s holdings, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after acquiring an additional 4,963,926 shares during the period. Bank of America Corp DE increased its stake in shares of Fidelity Total Bond ETF by 5.4% in the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock valued at $561,396,000 after purchasing an additional 629,015 shares in the last quarter. Sagespring Wealth Partners LLC raised its holdings in Fidelity Total Bond ETF by 1.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after purchasing an additional 177,177 shares during the period. Country Trust Bank raised its holdings in Fidelity Total Bond ETF by 3.3% in the 2nd quarter. Country Trust Bank now owns 6,186,144 shares of the company’s stock worth $283,016,000 after purchasing an additional 194,869 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Fidelity Total Bond ETF by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock worth $259,347,000 after purchasing an additional 571,082 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.0%

Shares of FBND opened at $46.39 on Monday. The firm has a market cap of $22.17 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86. The stock’s 50 day moving average is $46.41 and its two-hundred day moving average is $46.10.

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.