Fidelity Total Bond ETF $FBND is Blue Chip Partners LLC’s Largest Position

Blue Chip Partners LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,979,026 shares of the company’s stock after purchasing an additional 106,593 shares during the quarter. Fidelity Total Bond ETF comprises about 9.8% of Blue Chip Partners LLC’s portfolio, making the stock its biggest position. Blue Chip Partners LLC owned approximately 0.53% of Fidelity Total Bond ETF worth $135,903,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dupree Financial Group LLC boosted its holdings in Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock worth $651,000 after acquiring an additional 219 shares in the last quarter. Signature Equity Partners LLC increased its holdings in shares of Fidelity Total Bond ETF by 5.4% during the first quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock valued at $216,000 after acquiring an additional 244 shares in the last quarter. Insight Advisors LLC PA raised its position in shares of Fidelity Total Bond ETF by 1.6% in the 1st quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock valued at $821,000 after purchasing an additional 291 shares during the last quarter. Investment Advisory Group LLC boosted its stake in Fidelity Total Bond ETF by 0.4% in the 4th quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock worth $3,277,000 after purchasing an additional 303 shares in the last quarter. Finally, Keystone Financial Group boosted its stake in Fidelity Total Bond ETF by 3.1% in the 3rd quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock worth $477,000 after purchasing an additional 315 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $44.97 on Monday. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The firm has a market capitalization of $27.10 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The firm’s 50 day simple moving average is $45.39 and its two-hundred day simple moving average is $45.79.

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.