LPL Financial LLC Has $432.18 Million Stock Position in Fidelity Total Bond ETF $FBND

LPL Financial LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,387,074 shares of the company’s stock after purchasing an additional 1,887,404 shares during the quarter. LPL Financial LLC owned 1.79% of Fidelity Total Bond ETF worth $432,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth about $25,000. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth about $32,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth about $36,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth about $37,000. Finally, Fifth Third Bancorp grew its holdings in shares of Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.26 on Tuesday. The firm’s 50-day simple moving average is $45.62 and its 200-day simple moving average is $46.00. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The firm has a market cap of $25.36 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.