TrueWealth Advisors LLC Has $28.05 Million Stake in Fidelity Total Bond ETF $FBND

TrueWealth Advisors LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 616,590 shares of the company’s stock after purchasing an additional 12,297 shares during the period. Fidelity Total Bond ETF accounts for 6.3% of TrueWealth Advisors LLC’s portfolio, making the stock its 2nd largest holding. TrueWealth Advisors LLC owned 0.11% of Fidelity Total Bond ETF worth $28,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Total Bond ETF by 3.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after purchasing an additional 2,925,667 shares during the last quarter. Morgan Stanley increased its position in Fidelity Total Bond ETF by 16.2% during the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after buying an additional 4,830,198 shares during the last quarter. Bank of America Corp DE raised its stake in Fidelity Total Bond ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after buying an additional 871,672 shares during the period. JPMorgan Chase & Co. raised its stake in Fidelity Total Bond ETF by 25.8% in the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after buying an additional 2,374,913 shares during the period. Finally, LPL Financial LLC raised its stake in Fidelity Total Bond ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after buying an additional 1,887,404 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2%

FBND opened at $45.00 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.65 and a 12-month high of $46.86. The stock has a market cap of $27.26 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The business has a 50 day moving average of $45.31 and a 200-day moving average of $45.70.

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.