Fidelity Total Bond ETF $FBND Stake Boosted by Country Trust Bank

Country Trust Bank increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,272,214 shares of the company’s stock after acquiring an additional 86,070 shares during the quarter. Fidelity Total Bond ETF accounts for about 6.3% of Country Trust Bank’s investment portfolio, making the stock its 2nd biggest holding. Country Trust Bank’s holdings in Fidelity Total Bond ETF were worth $290,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after purchasing an additional 4,963,926 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Fidelity Total Bond ETF by 5.4% in the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after purchasing an additional 629,015 shares during the period. Sagespring Wealth Partners LLC boosted its holdings in shares of Fidelity Total Bond ETF by 1.9% in the second quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after buying an additional 177,177 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock worth $259,347,000 after buying an additional 571,082 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Fidelity Total Bond ETF by 20.8% during the third quarter. Commonwealth Equity Services LLC now owns 4,373,035 shares of the company’s stock valued at $202,209,000 after buying an additional 752,861 shares during the period.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of FBND stock opened at $46.21 on Friday. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86. The stock has a market cap of $23.72 billion, a P/E ratio of 8.94 and a beta of 0.28. The company has a 50 day simple moving average of $46.29 and a two-hundred day simple moving average of $46.15.

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.