Fidelity Total Bond ETF $FBND Shares Purchased by Shakespeare Wealth Management LLC

Shakespeare Wealth Management LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 767,474 shares of the company’s stock after acquiring an additional 37,181 shares during the quarter. Fidelity Total Bond ETF makes up about 7.8% of Shakespeare Wealth Management LLC’s portfolio, making the stock its 4th largest holding. Shakespeare Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $35,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. increased its position in 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 valued at $4,139,273,000 after acquiring an additional 3,390,440 shares during the period. Quotient Wealth Partners LLC boosted its stake in shares of 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 purchasing an additional 1,393,081 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Fidelity Total Bond ETF by 296.9% in the 4th quarter. Allworth Financial LP now owns 1,190,370 shares of the company’s stock valued at $54,805,000 after purchasing an additional 890,484 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Fidelity Total Bond ETF by 37.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock valued at $138,245,000 after purchasing an additional 816,419 shares during the last quarter. Finally, Modern Wealth Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 54.3% in the 3rd quarter. Modern Wealth Management LLC now owns 2,170,408 shares of the company’s stock valued at $100,360,000 after purchasing an additional 764,134 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.30 on Thursday. The firm’s fifty day moving average is $45.71 and its 200-day moving average is $46.09. Fidelity Total Bond ETF has a 52 week low of $44.73 and a 52 week high of $46.86. The firm has a market cap of $25.38 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.