Nicolet Advisory Services LLC Purchases 32,356 Shares of Fidelity Total Bond ETF $FBND

Nicolet Advisory Services LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 591,999 shares of the company’s stock after acquiring an additional 32,356 shares during the quarter. Fidelity Total Bond ETF accounts for 1.8% of Nicolet Advisory Services LLC’s holdings, making the stock its 11th largest holding. Nicolet Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $27,309,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in 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 during the last quarter. Morgan Stanley increased its stake in Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after acquiring an additional 4,830,198 shares during the last quarter. Bank of America Corp DE increased its stake in Fidelity Total Bond ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after acquiring an additional 683,930 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after buying an additional 2,374,913 shares during the last quarter. Finally, Sagespring Wealth Partners LLC grew its stake in shares of Fidelity Total Bond ETF by 3.2% during the fourth 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.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.53 on Friday. The firm’s fifty day moving average price is $45.62 and its two-hundred day moving average price is $45.98. The stock has a market cap of $25.51 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86.

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.