Wealthcare Advisory Partners LLC Increases Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Wealthcare Advisory Partners LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 767,774 shares of the company’s stock after purchasing an additional 88,513 shares during the quarter. Fidelity Total Bond ETF comprises 1.1% of Wealthcare Advisory Partners LLC’s portfolio, making the stock its 18th largest position. Wealthcare Advisory Partners LLC owned approximately 0.80% of Fidelity Total Bond ETF worth $34,788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. RFG Advisory LLC grew its holdings in Fidelity Total Bond ETF by 44.0% in the first quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock worth $162,125,000 after purchasing an additional 1,093,311 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Total Bond ETF by 2,874.0% during the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock valued at $130,996,000 after buying an additional 2,906,069 shares during the last quarter. Legacy Wealth Management Inc grew its holdings in shares of Fidelity Total Bond ETF by 3.8% during the first quarter. Legacy Wealth Management Inc now owns 2,808,495 shares of the company’s stock valued at $127,253,000 after buying an additional 101,951 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity Total Bond ETF by 31.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock valued at $121,868,000 after buying an additional 628,777 shares during the last quarter. Finally, UBS Group AG lifted its position in Fidelity Total Bond ETF by 0.8% during the fourth quarter. UBS Group AG now owns 2,440,424 shares of the company’s stock valued at $112,357,000 after purchasing an additional 18,964 shares during the period.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock traded up $0.11 during midday trading on Thursday, reaching $45.15. 76,924 shares of the company traded hands, compared to its average volume of 1,237,974. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $46.21. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The business has a 50 day moving average of $44.82 and a two-hundred day moving average of $45.18.

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.