S Harris Financial Group LLC Invests $13.07 Million in Fidelity Total Bond ETF $FBND

S Harris Financial Group LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 283,821 shares of the company’s stock, valued at approximately $13,067,000. Fidelity Total Bond ETF accounts for about 12.4% of S Harris Financial Group LLC’s investment portfolio, making the stock its largest holding.

A number of other institutional investors have also modified their holdings of the stock. Morgan Stanley raised its position in Fidelity Total Bond ETF by 16.2% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 worth $4,139,273,000 after purchasing an additional 3,390,440 shares in the last quarter. Align Financial LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $141,726,000. JPMorgan Chase & Co. lifted 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 purchasing an additional 2,374,913 shares during the period. Finally, Dynasty Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 1,993,799 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.61 on Friday. The firm’s fifty day moving average is $45.60 and its 200 day moving average is $45.95. The firm has a market cap of $25.56 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86.

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.