Partners Wealth Management LLC Purchases New Holdings in Fidelity Total Bond ETF $FBND

Partners Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,448 shares of the company’s stock, valued at approximately $932,000.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after acquiring an additional 871,672 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity Total Bond ETF by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after purchasing an additional 587,351 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Fidelity Total Bond ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after purchasing an additional 930,834 shares in the last quarter. Sax Wealth Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 49.8% in the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after purchasing an additional 2,236,473 shares during the period. Finally, Legacy Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after purchasing an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Stock Up 0.3%

FBND stock opened at $44.16 on Friday. The company has a market cap of $28.47 billion, a PE ratio of 8.94 and a beta of 0.28. The business has a 50-day simple moving average of $44.09 and a 200 day simple moving average of $45.27. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.78.

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.