Fidelity Total Bond ETF $FBND Stock Bought by Riverpoint Wealth Management Holdings LLC

Riverpoint Wealth Management Holdings LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 579,914 shares of the company’s stock after purchasing an additional 28,156 shares during the quarter. Fidelity Total Bond ETF accounts for 4.6% of Riverpoint Wealth Management Holdings LLC’s investment portfolio, making the stock its 8th biggest position. Riverpoint Wealth Management Holdings LLC’s holdings in Fidelity Total Bond ETF were worth $25,110,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Fidelity Total Bond ETF by 6.3% during 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. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after buying an additional 587,351 shares during the period. Cetera Investment Advisers increased its holdings in shares of Fidelity Total Bond ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after buying an additional 930,834 shares during the period. Sax Wealth Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 49.8% in the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after buying an additional 2,236,473 shares during the period. Finally, Legacy Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after buying an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Stock Down 0.1%

Shares of NYSEARCA FBND traded down $0.04 during midday trading on Friday, reaching $43.68. The company had a trading volume of 9,278,353 shares, compared to its average volume of 3,308,511. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.78. The firm’s fifty day moving average price is $43.93 and its 200-day moving average price is $45.17. The stock has a market cap of $28.16 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.