Renaissance Technologies LLC Raises Stake in Fidelity Total Bond ETF $FBND

Renaissance Technologies LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 107.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 229,100 shares of the company’s stock after buying an additional 118,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Fidelity Total Bond ETF were worth $10,452,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after acquiring an additional 4,830,198 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Total Bond ETF by 3.9% in the 3rd 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. Align Financial LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $141,726,000. JPMorgan Chase & Co. lifted 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 purchasing an additional 2,374,913 shares during the last quarter. Finally, Dynasty Wealth Management LLC lifted its stake in Fidelity Total Bond ETF by 30.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after purchasing an additional 1,993,799 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.3%

Shares of NYSEARCA FBND opened at $44.72 on Friday. The stock has a fifty day simple moving average of $45.36 and a two-hundred day simple moving average of $45.75. Fidelity Total Bond ETF has a 1-year low of $44.65 and a 1-year high of $46.86. The firm has a market cap of $27.09 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.