Schwallier Wealth Management LLC Takes Position in Fidelity Total Bond ETF $FBND

Schwallier Wealth Management LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 123,342 shares of the company’s stock, valued at approximately $5,627,000. Fidelity Total Bond ETF makes up about 4.1% of Schwallier Wealth Management LLC’s holdings, making the stock its 5th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Total Bond ETF by 3.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after acquiring an additional 2,925,667 shares during the last quarter. Morgan Stanley lifted its stake in Fidelity Total Bond ETF by 16.2% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after purchasing an additional 4,830,198 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Fidelity Total Bond ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after purchasing an additional 683,930 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Total Bond ETF by 25.8% during the 4th 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 last quarter. Finally, Sagespring Wealth Partners LLC grew its position in shares of Fidelity Total Bond ETF by 3.2% in the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after purchasing an additional 311,221 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.28 on Thursday. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The stock has a market cap of $26.90 billion, a PE ratio of 8.94 and a beta of 0.27. The stock has a 50 day moving average price of $45.45 and a 200 day moving average price of $45.84.

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.