Dynasty Wealth Management LLC Buys 1,993,799 Shares of Fidelity Total Bond ETF $FBND

Dynasty Wealth Management LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 30.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,650,398 shares of the company’s stock after purchasing an additional 1,993,799 shares during the period. Fidelity Total Bond ETF makes up approximately 3.9% of Dynasty Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Dynasty Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $398,264,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Cerity Partners LLC grew its position in Fidelity Total Bond ETF by 400.5% during the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after purchasing an additional 32,071 shares during the period. Betterment LLC grew its position in Fidelity Total Bond ETF by 2.7% during the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after purchasing an additional 2,597 shares during the period. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter worth about $49,000. Graney & King LLC grew its position 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 worth $2,295,000 after purchasing an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. grew its position 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 worth $303,000 after purchasing an additional 1,924 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.53 on Wednesday. The business’s 50-day moving average is $45.64 and its two-hundred day moving average is $46.04. The company has a market capitalization of $25.51 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86.

About Fidelity Total Bond ETF

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.