Riverpoint Wealth Management Holdings LLC Has $15.03 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Riverpoint Wealth Management Holdings LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 334,456 shares of the company’s stock after acquiring an additional 36,794 shares during the period. Fidelity Total Bond ETF accounts for approximately 4.2% of Riverpoint Wealth Management Holdings LLC’s portfolio, making the stock its 8th largest holding. Riverpoint Wealth Management Holdings LLC owned approximately 0.17% of Fidelity Total Bond ETF worth $15,027,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FBND. Wheelhouse Advisory Group LLC raised its stake in shares of Fidelity Total Bond ETF by 1.8% during the 1st quarter. Wheelhouse Advisory Group LLC now owns 12,517 shares of the company’s stock valued at $567,000 after purchasing an additional 227 shares during the period. Capital CS Group LLC boosted its stake in Fidelity Total Bond ETF by 5.1% during the second quarter. Capital CS Group LLC now owns 6,027 shares of the company’s stock valued at $271,000 after buying an additional 294 shares during the period. Arkadios Wealth Advisors grew its position in Fidelity Total Bond ETF by 5.5% during the first quarter. Arkadios Wealth Advisors now owns 6,244 shares of the company’s stock worth $283,000 after buying an additional 323 shares in the last quarter. CGN Advisors LLC increased its stake in Fidelity Total Bond ETF by 3.0% in the 1st quarter. CGN Advisors LLC now owns 11,462 shares of the company’s stock worth $519,000 after acquiring an additional 336 shares during the last quarter. Finally, Capital Planning LLC raised its holdings in shares of Fidelity Total Bond ETF by 0.9% in the 2nd quarter. Capital Planning LLC now owns 45,501 shares of the company’s stock valued at $2,053,000 after acquiring an additional 388 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.2 %

Shares of NYSEARCA FBND traded down $0.09 during midday trading on Friday, hitting $46.29. 1,394,128 shares of the company’s stock were exchanged, compared to its average volume of 1,266,452. The business’s fifty day moving average price is $45.81 and its two-hundred day moving average price is $45.24. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12-month low of $42.45 and a 12-month high of $46.85.

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.