Fidelity Total Bond ETF (NYSEARCA:FBND) is Legacy Wealth Management Inc’s 5th Largest Position

Legacy Wealth Management Inc lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,080,887 shares of the company’s stock after acquiring an additional 143,631 shares during the period. Fidelity Total Bond ETF makes up 8.9% of Legacy Wealth Management Inc’s portfolio, making the stock its 5th biggest position. Legacy Wealth Management Inc owned about 1.54% of Fidelity Total Bond ETF worth $138,239,000 as of its most recent SEC filing.

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

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.01 on Friday. The company’s fifty day moving average price is $45.26 and its two-hundred day moving average price is $45.84. The firm has a market capitalization of $8.98 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30.

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.