M Holdings Securities Inc. Invests $4.99 Million in Fidelity Total Bond ETF $FBND

M Holdings Securities Inc. bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 108,355 shares of the company’s stock, valued at approximately $4,989,000.

A number of other institutional investors also recently modified their holdings of FBND. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Total Bond ETF by 3.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after purchasing an additional 3,390,440 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after purchasing an additional 2,374,913 shares during the period. Dynasty Wealth Management LLC raised its position in shares of Fidelity Total Bond ETF by 30.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock worth $398,264,000 after purchasing an additional 1,993,799 shares during the period. LPL Financial LLC raised its position in Fidelity Total Bond ETF by 25.2% in the 4th 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 last quarter. Finally, Quotient Wealth Partners LLC raised its position in Fidelity Total Bond ETF by 39.8% in the 4th quarter. Quotient Wealth Partners LLC now owns 4,892,228 shares of the company’s stock valued at $225,238,000 after buying an additional 1,393,081 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

NYSEARCA FBND opened at $45.31 on Thursday. The firm has a market capitalization of $25.39 billion, a P/E ratio of 8.94 and a beta of 0.27. The business has a fifty day simple moving average of $45.62 and a 200 day simple moving average of $45.99. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86.

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.