Fidelity Total Bond ETF $FBND is Legacy Wealth Management LLC’s 3rd Largest Position

Legacy Wealth Management LLC grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 57.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,495,432 shares of the company’s stock after purchasing an additional 1,995,732 shares during the quarter. Fidelity Total Bond ETF makes up about 13.1% of Legacy Wealth Management LLC’s holdings, making the stock its 3rd largest position. Legacy Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $249,987,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FBND. Apollon Financial LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth approximately $750,000. Capital Wealth Management LLC lifted its stake in Fidelity Total Bond ETF by 9.3% in the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after buying an additional 53,398 shares during the last quarter. Cornerstone Wealth Group LLC boosted its holdings in shares of Fidelity Total Bond ETF by 5.8% in the fourth quarter. Cornerstone Wealth Group LLC now owns 330,234 shares of the company’s stock valued at $15,204,000 after acquiring an additional 18,123 shares during the period. Juno Financial Group LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $18,667,000. Finally, Forbes Financial Planning Inc. grew its position in shares of Fidelity Total Bond ETF by 12.4% during the fourth quarter. Forbes Financial Planning Inc. now owns 361,739 shares of the company’s stock worth $16,655,000 after acquiring an additional 39,856 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.00 on Monday. The firm’s fifty day simple moving average is $45.31 and its 200-day simple moving average is $45.70. The stock has a market capitalization of $27.26 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.65 and a 12 month high of $46.86.

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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