Riverpoint Wealth Management Holdings LLC Raises Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Riverpoint Wealth Management Holdings LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 449,168 shares of the company’s stock after purchasing an additional 88,820 shares during the period. Fidelity Total Bond ETF makes up 5.3% of Riverpoint Wealth Management Holdings LLC’s portfolio, making the stock its 8th biggest holding. Riverpoint Wealth Management Holdings LLC owned 0.23% of Fidelity Total Bond ETF worth $20,154,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. J.W. Cole Advisors Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 87.0% during the third quarter. J.W. Cole Advisors Inc. now owns 25,276 shares of the company’s stock valued at $1,181,000 after purchasing an additional 11,762 shares during the last quarter. Hunter Associates Investment Management LLC raised its holdings in Fidelity Total Bond ETF by 10.0% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 299,558 shares of the company’s stock worth $13,986,000 after buying an additional 27,187 shares during the period. Pallas Capital Advisors LLC lifted its stake in Fidelity Total Bond ETF by 81.3% during the third quarter. Pallas Capital Advisors LLC now owns 1,184,782 shares of the company’s stock valued at $54,251,000 after buying an additional 531,374 shares in the last quarter. Barry Investment Advisors LLC boosted its holdings in shares of Fidelity Total Bond ETF by 28.7% in the third quarter. Barry Investment Advisors LLC now owns 41,226 shares of the company’s stock worth $1,934,000 after buying an additional 9,201 shares during the period. Finally, Gateway Wealth Partners LLC increased its position in shares of Fidelity Total Bond ETF by 47.9% in the third quarter. Gateway Wealth Partners LLC now owns 12,515 shares of the company’s stock worth $585,000 after acquiring an additional 4,056 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.80 on Wednesday. The firm has a market capitalization of $9.14 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The company’s 50 day simple moving average is $45.04 and its 200-day simple moving average is $45.77.

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.