OakTrust Wealth Advisors LLC Makes New $5.63 Million Investment in Fidelity Total Bond ETF $FBND

OakTrust Wealth Advisors LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 122,295 shares of the company’s stock, valued at approximately $5,630,000. Fidelity Total Bond ETF comprises about 5.2% of OakTrust Wealth Advisors LLC’s portfolio, making the stock its 5th largest position.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Total Bond ETF by 3.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after purchasing an additional 2,925,667 shares during the period. Morgan Stanley increased its stake in Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after purchasing an additional 4,830,198 shares during the last quarter. Bank of America Corp DE lifted its position in Fidelity Total Bond ETF by 5.6% during the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after buying an additional 683,930 shares during the period. JPMorgan Chase & Co. lifted its position in Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after buying an additional 2,374,913 shares during the period. Finally, Sagespring Wealth Partners LLC lifted its position in Fidelity Total Bond ETF by 3.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after buying an additional 311,221 shares during the period.

Fidelity Total Bond ETF Trading Up 0.3%

Shares of NYSEARCA:FBND opened at $45.61 on Friday. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The stock’s 50-day moving average price is $45.61 and its two-hundred day moving average price is $45.95. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86.

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.