Fidelity Total Bond ETF $FBND Stake Lifted by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,140,215 shares of the company’s stock after buying an additional 26,796 shares during the quarter. Fidelity Total Bond ETF makes up 5.5% of McKinley Carter Wealth Services Inc.’s portfolio, making the stock its 3rd biggest position. McKinley Carter Wealth Services Inc.’s holdings in Fidelity Total Bond ETF were worth $98,536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 worth $4,139,273,000 after buying an additional 3,390,440 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Fidelity Total Bond ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after buying an additional 683,930 shares during the last quarter. Sagespring Wealth Partners LLC grew its stake in shares of Fidelity Total Bond ETF by 3.2% in the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after buying an additional 311,221 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fidelity Total Bond ETF by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock worth $425,381,000 after buying an additional 445,810 shares during the last quarter. Finally, Dynasty Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF by 13.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after buying an additional 786,693 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

Fidelity Total Bond ETF stock opened at $45.19 on Tuesday. The stock’s 50 day moving average is $45.76 and its 200 day moving average is $46.10. Fidelity Total Bond ETF has a twelve month low of $44.73 and a twelve month high of $46.86. The company has a market capitalization of $25.32 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.