Lineweaver Wealth Advisors LLC Grows Holdings in Fidelity Total Bond ETF $FBND

Lineweaver Wealth Advisors LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 16.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 763,455 shares of the company’s stock after buying an additional 105,027 shares during the quarter. Fidelity Total Bond ETF makes up about 5.2% of Lineweaver Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Lineweaver Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $35,302,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity Total Bond ETF by 10.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock valued at $3,705,081,000 after acquiring an additional 7,778,802 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 4,220.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after purchasing an additional 1,970,997 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Fidelity Total Bond ETF by 64.3% in the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock worth $165,200,000 after buying an additional 1,412,766 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Fidelity Total Bond ETF by 8,037.4% in the first quarter. Jane Street Group LLC now owns 1,260,488 shares of the company’s stock worth $57,541,000 after buying an additional 1,244,998 shares in the last quarter. Finally, Sax Wealth Advisors LLC boosted its stake in Fidelity Total Bond ETF by 41.4% during the second quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock valued at $120,997,000 after buying an additional 774,471 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $46.29 on Friday. The stock has a 50 day moving average price of $46.43 and a 200-day moving average price of $46.05. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company has a market capitalization of $22.12 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Profile

(Free Report)

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.

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