Geneos Wealth Management Inc. Raises Position in Fidelity Total Bond ETF $FBND

Geneos Wealth Management Inc. increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 63.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,610 shares of the company’s stock after buying an additional 1,397 shares during the period. Geneos Wealth Management Inc.’s holdings in Fidelity Total Bond ETF were worth $165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Total Bond ETF by 10.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock valued at $3,705,081,000 after purchasing an additional 7,778,802 shares in the last quarter. JPMorgan Chase & Co. raised its position in Fidelity Total Bond ETF by 42.2% during the first quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock valued at $467,086,000 after purchasing an additional 3,037,583 shares in the last quarter. Sagespring Wealth Partners LLC raised its position in Fidelity Total Bond ETF by 8.5% during the first quarter. Sagespring Wealth Partners LLC now owns 9,556,568 shares of the company’s stock valued at $436,257,000 after purchasing an additional 746,666 shares in the last quarter. Dynasty Wealth Management LLC raised its position in Fidelity Total Bond ETF by 103.0% during the first quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock valued at $272,546,000 after purchasing an additional 3,029,917 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Fidelity Total Bond ETF by 10.7% during the first quarter. Envestnet Asset Management Inc. now owns 5,097,709 shares of the company’s stock valued at $232,710,000 after purchasing an additional 490,739 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

NYSEARCA FBND opened at $46.63 on Wednesday. The stock’s 50-day simple moving average is $45.86 and its two-hundred day simple moving average is $45.53. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $47.30. The company has a market capitalization of $20.16 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17.

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.