Waterfront Wealth Inc. Increases Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Waterfront Wealth Inc. increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,898 shares of the company’s stock after acquiring an additional 242 shares during the quarter. Waterfront Wealth Inc.’s holdings in Fidelity Total Bond ETF were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Fidelity Total Bond ETF by 2.2% in the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after acquiring an additional 267,811 shares during the period. Country Trust Bank lifted its position in Fidelity Total Bond ETF by 0.5% during the fourth quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock valued at $268,829,000 after buying an additional 31,173 shares during the period. JPMorgan Chase & Co. lifted its position in Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after buying an additional 520,113 shares during the period. RFG Advisory LLC lifted its position in Fidelity Total Bond ETF by 6.2% during the fourth quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock valued at $192,650,000 after buying an additional 250,764 shares during the period. Finally, Mather Group LLC. lifted its position in Fidelity Total Bond ETF by 3.0% during the fourth quarter. Mather Group LLC. now owns 3,651,935 shares of the company’s stock valued at $163,862,000 after buying an additional 106,953 shares during the period.

Fidelity Total Bond ETF Trading Up 0.1 %

Shares of Fidelity Total Bond ETF stock opened at $45.26 on Friday. The firm has a market capitalization of $9.03 billion, a P/E ratio of 8.85 and a beta of 0.19. The business has a fifty day simple moving average of $45.05 and a two-hundred day simple moving average of $45.79. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30.

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.