Rockefeller Capital Management L.P. Grows Stake in Fidelity Total Bond ETF $FBND

Rockefeller Capital Management L.P. raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 44.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 68,292 shares of the company’s stock after buying an additional 20,952 shares during the period. Rockefeller Capital Management L.P.’s holdings in Fidelity Total Bond ETF were worth $3,144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FBND. Root Financial Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $25,000. Rialto Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $32,000. Clearstead Advisors LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $36,000. Tucker Asset Management LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $37,000. Finally, Key Capital Management INC purchased a new stake in Fidelity Total Bond ETF in the fourth quarter valued at about $49,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.82 on Monday. The company has a market cap of $25.67 billion, a PE ratio of 8.94 and a beta of 0.27. The business has a 50-day simple moving average of $45.58 and a two-hundred day simple moving average of $45.92. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86.

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.