Clarity Retirement & Wealth LLC Makes New $10.23 Million Investment in Fidelity Total Bond ETF $FBND

Clarity Retirement & Wealth LLC bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, Holdings Channel reports. The institutional investor bought 222,175 shares of the company’s stock, valued at approximately $10,229,000. Fidelity Total Bond ETF comprises 9.0% of Clarity Retirement & Wealth LLC’s holdings, making the stock its 5th largest position.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew 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 buying an additional 3,390,440 shares during the last quarter. JPMorgan Chase & Co. grew its position in Fidelity Total Bond ETF by 25.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after buying an additional 2,374,913 shares during the last quarter. Dynasty Wealth Management LLC grew its position in Fidelity Total Bond ETF by 30.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after buying an additional 1,993,799 shares during the last quarter. LPL Financial LLC grew 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 grew 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 Price Performance

NYSEARCA:FBND opened at $45.26 on Tuesday. The firm’s fifty day moving average price is $45.62 and its 200 day moving average price is $46.00. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86. The firm has a market cap of $25.36 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.