Wealth Enhancement Advisory Services LLC Has $6.86 Million Stock Position in Fidelity Total Bond ETF $FBND

Wealth Enhancement Advisory Services LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,385 shares of the company’s stock after acquiring an additional 2,642 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $6,862,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 purchasing an additional 7,778,802 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Fidelity Total Bond ETF by 42.2% in the 1st 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 during the period. Dynasty Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF by 103.0% in the 1st 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 during the period. Quotient Wealth Partners LLC grew its stake in shares of Fidelity Total Bond ETF by 202.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 3,181,431 shares of the company’s stock valued at $145,232,000 after purchasing an additional 2,131,128 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Fidelity Total Bond ETF by 8,037.4% in the 1st quarter. Jane Street Group LLC now owns 1,260,488 shares of the company’s stock valued at $57,541,000 after purchasing an additional 1,244,998 shares during the period.

Fidelity Total Bond ETF Trading Up 0.2%

FBND stock opened at $46.44 on Wednesday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $47.04. The firm has a market cap of $20.08 billion, a P/E ratio of 8.94 and a beta of 0.17. The business’s 50 day moving average is $45.96 and its 200-day moving average is $45.56.

Fidelity Total Bond ETF Company 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.