Fidelity Total Bond ETF $FBND is Dynasty Wealth Management LLC’s 10th Largest Position

Dynasty Wealth Management LLC lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 30.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,650,398 shares of the company’s stock after acquiring an additional 1,993,799 shares during the period. Fidelity Total Bond ETF accounts for approximately 3.9% of Dynasty Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Dynasty Wealth Management LLC owned about 1.65% of Fidelity Total Bond ETF worth $398,264,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Total Bond ETF by 3.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after acquiring an additional 2,925,667 shares during the period. Bank of America Corp DE increased its position in shares of Fidelity Total Bond ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after acquiring an additional 683,930 shares during the period. Sagespring Wealth Partners LLC increased its position in shares of Fidelity Total Bond ETF by 3.2% in the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after acquiring an additional 311,221 shares during the period. JPMorgan Chase & Co. increased its position in shares of Fidelity Total Bond ETF by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock valued at $425,381,000 after acquiring an additional 445,810 shares during the period. Finally, Country Trust Bank increased its position in shares of Fidelity Total Bond ETF by 1.9% in the 4th quarter. Country Trust Bank now owns 6,392,262 shares of the company’s stock valued at $294,300,000 after acquiring an additional 120,048 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $45.53 on Wednesday. The stock’s fifty day moving average price is $45.64 and its 200 day moving average price is $46.04. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86. The company has a market cap of $25.51 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Company 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.