Sard Wealth Management Group LLC Has $24.84 Million Stake in Fidelity Total Bond ETF $FBND

Sard Wealth Management Group LLC lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 537,152 shares of the company’s stock after purchasing an additional 27,603 shares during the period. Fidelity Total Bond ETF accounts for about 14.2% of Sard Wealth Management Group LLC’s investment portfolio, making the stock its 2nd biggest position. Sard Wealth Management Group LLC owned approximately 0.12% of Fidelity Total Bond ETF worth $24,838,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Total Bond ETF by 6.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after purchasing an additional 4,963,926 shares in the last quarter. Gallagher Fiduciary Advisors LLC raised 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 valued at $92,309,000 after acquiring an additional 1,970,997 shares in the last quarter. Ritholtz Wealth Management lifted its stake in 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 acquiring an additional 1,412,766 shares during the period. Jane Street Group LLC lifted its stake in 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 acquiring an additional 1,244,998 shares during the period. Finally, Sax Wealth Advisors LLC grew its holdings in Fidelity Total Bond ETF by 41.4% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock worth $120,997,000 after acquiring an additional 774,471 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $46.39 on Monday. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The firm has a market cap of $22.17 billion, a P/E ratio of 8.94 and a beta of 0.28. The firm has a 50-day simple moving average of $46.41 and a 200-day simple moving average of $46.10.

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.