JPMorgan Chase & Co. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 39.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,194,319 shares of the company’s stock after purchasing an additional 2,024,839 shares during the quarter. JPMorgan Chase & Co.’s holdings in Fidelity Total Bond ETF were worth $322,809,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth $25,000. PNC Financial Services Group Inc. bought a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $25,000. Lindbrook Capital LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter worth about $32,000. Rothschild Investment LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $63,000. Finally, Glassman Wealth Services purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $70,000.
Fidelity Total Bond ETF Stock Up 0.1 %
Shares of NYSEARCA:FBND opened at $45.50 on Monday. The stock has a market capitalization of $18.17 billion, a PE ratio of 9.03 and a beta of 0.26. The firm’s 50 day moving average price is $45.40 and its 200-day moving average price is $45.62. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30.
Fidelity Total Bond ETF Cuts Dividend
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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