Capital Wealth Management LLC Acquires 4,732 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Capital Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 309,229 shares of the company’s stock after purchasing an additional 4,732 shares during the period. Fidelity Total Bond ETF makes up about 5.9% of Capital Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. Capital Wealth Management LLC owned about 0.15% of Fidelity Total Bond ETF worth $13,875,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FBND. Mark Sheptoff Financial Planning LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $30,000. Highline Wealth Partners LLC purchased a new position in Fidelity Total Bond ETF in the 3rd quarter worth $47,000. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth about $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at about $87,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $44.92 on Monday. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The firm has a market capitalization of $8.96 billion, a PE ratio of 8.85 and a beta of 0.19. The stock’s 50-day simple moving average is $45.30 and its 200-day simple moving average is $45.86.

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.