Fidelity Total Bond ETF (NYSEARCA:FBND) is Pasadena Private Wealth LLC’s 9th Largest Position

Pasadena Private Wealth LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,813 shares of the company’s stock after buying an additional 7,625 shares during the quarter. Fidelity Total Bond ETF makes up approximately 2.4% of Pasadena Private Wealth LLC’s portfolio, making the stock its 9th biggest position. Pasadena Private Wealth LLC owned approximately 0.24% of Fidelity Total Bond ETF worth $10,594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FBND. RFG Advisory LLC increased its holdings in shares of Fidelity Total Bond ETF by 44.0% in the first quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock valued at $162,125,000 after purchasing an additional 1,093,311 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Total Bond ETF by 2,874.0% in the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock valued at $130,996,000 after purchasing an additional 2,906,069 shares during the period. Legacy Wealth Management Inc increased its holdings in shares of Fidelity Total Bond ETF by 3.8% in the first quarter. Legacy Wealth Management Inc now owns 2,808,495 shares of the company’s stock valued at $127,253,000 after purchasing an additional 101,951 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Total Bond ETF by 31.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock valued at $121,868,000 after purchasing an additional 628,777 shares during the period. Finally, UBS Group AG increased its holdings in shares of Fidelity Total Bond ETF by 0.8% in the fourth quarter. UBS Group AG now owns 2,440,424 shares of the company’s stock valued at $112,357,000 after purchasing an additional 18,964 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2 %

FBND stock traded up $0.07 on Friday, reaching $45.21. 59,064 shares of the company’s stock were exchanged, compared to its average volume of 1,235,841. The stock has a fifty day moving average of $44.85 and a 200-day moving average of $45.18. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $46.21. The firm has a market cap of $9.02 billion, a PE ratio of 8.85 and a beta of 0.19.

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.