Opes Wealth Management LLC Raises Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Opes Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 169,263 shares of the company’s stock after buying an additional 4,260 shares during the period. Fidelity Total Bond ETF accounts for approximately 1.9% of Opes Wealth Management LLC’s holdings, making the stock its 13th biggest position. Opes Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $7,793,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FBND. JPMorgan Chase & Co. increased its stake in Fidelity Total Bond ETF by 2,874.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock worth $130,996,000 after buying an additional 2,906,069 shares in the last quarter. Legacy Wealth Management Inc purchased a new stake in Fidelity Total Bond ETF in the 3rd quarter worth $120,780,000. Bank of America Corp DE increased its stake in Fidelity Total Bond ETF by 316.7% in the 1st quarter. Bank of America Corp DE now owns 3,081,245 shares of the company’s stock worth $141,737,000 after buying an additional 2,341,860 shares in the last quarter. Blue Chip Partners LLC increased its stake in Fidelity Total Bond ETF by 8,501.0% in the 3rd quarter. Blue Chip Partners LLC now owns 2,153,777 shares of the company’s stock worth $93,819,000 after buying an additional 2,128,736 shares in the last quarter. Finally, FMR LLC increased its stake in Fidelity Total Bond ETF by 26,366.0% in the 3rd quarter. FMR LLC now owns 2,086,842 shares of the company’s stock worth $90,903,000 after buying an additional 2,078,957 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.2 %

FBND stock traded down $0.07 during trading on Thursday, reaching $44.20. The company’s stock had a trading volume of 1,117,032 shares, compared to its average volume of 1,309,448. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.38. The company has a market capitalization of $4.24 billion, a P/E ratio of 12.64 and a beta of 0.17. The company’s fifty day moving average is $45.08 and its 200-day moving average is $44.77.

About Fidelity Total Bond ETF

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.