JPMorgan Chase & Co. Acquires 2,374,913 Shares of Fidelity Total Bond ETF $FBND

JPMorgan Chase & Co. raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 25.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,574,323 shares of the company’s stock after buying an additional 2,374,913 shares during the quarter. JPMorgan Chase & Co. owned 2.21% of Fidelity Total Bond ETF worth $532,882,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Dupree Financial Group LLC boosted its position in shares of Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after acquiring an additional 219 shares during the period. Quadrant Capital Group LLC increased its position in Fidelity Total Bond ETF by 0.6% during the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after acquiring an additional 220 shares during the period. RWA Wealth Partners LLC raised its stake in Fidelity Total Bond ETF by 2.6% during the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after purchasing an additional 241 shares during the last quarter. Capital CS Group LLC raised its stake in Fidelity Total Bond ETF by 4.8% during the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after purchasing an additional 286 shares during the last quarter. Finally, Investment Advisory Group LLC boosted its holdings in Fidelity Total Bond ETF by 0.4% in the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after purchasing an additional 303 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $45.31 on Thursday. The firm has a market capitalization of $25.39 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company’s fifty day moving average is $45.62 and its two-hundred day moving average is $45.99. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-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.