Fidelity Total Bond ETF $FBND Stake Raised by Rise Advisors LLC

Rise Advisors LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 73.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 573,804 shares of the company’s stock after acquiring an additional 243,656 shares during the quarter. Fidelity Total Bond ETF comprises approximately 7.3% of Rise Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Rise Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $26,102,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Total Bond ETF by 3.3% in the fourth 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 in the last quarter. Morgan Stanley raised its position 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 valued at $1,598,339,000 after purchasing an additional 4,830,198 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after buying an additional 871,672 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of 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 period. Finally, LPL Financial LLC grew its position in shares of Fidelity Total Bond ETF by 25.2% during the fourth quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock worth $432,181,000 after buying an additional 1,887,404 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

Shares of Fidelity Total Bond ETF stock opened at $44.89 on Wednesday. Fidelity Total Bond ETF has a 52-week low of $44.65 and a 52-week high of $46.86. The company has a 50 day moving average of $45.28 and a 200 day moving average of $45.69. The company has a market capitalization of $27.19 billion, a P/E 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.