Fidelity Total Bond ETF (NYSEARCA:FBND) is Blue Chip Partners LLC’s Largest Position

Blue Chip Partners LLC trimmed its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,098,130 shares of the company’s stock after selling 55,647 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 10.1% of Blue Chip Partners LLC’s investment portfolio, making the stock its biggest position. Blue Chip Partners LLC owned 2.19% of Fidelity Total Bond ETF worth $96,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FBND. Schmidt P J Investment Management Inc. raised its position in shares of Fidelity Total Bond ETF by 3.5% during the 3rd quarter. Schmidt P J Investment Management Inc. now owns 70,107 shares of the company’s stock worth $2,981,000 after acquiring an additional 2,374 shares in the last quarter. Brookstone Capital Management increased its position in Fidelity Total Bond ETF by 6.8% during the third quarter. Brookstone Capital Management now owns 452,444 shares of the company’s stock worth $19,238,000 after buying an additional 28,763 shares during the period. Commonwealth Equity Services LLC increased its position in Fidelity Total Bond ETF by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 838,708 shares of the company’s stock worth $36,534,000 after buying an additional 23,127 shares during the period. Atlas Private Wealth Management increased its position in Fidelity Total Bond ETF by 20.3% during the third quarter. Atlas Private Wealth Management now owns 47,286 shares of the company’s stock worth $2,060,000 after buying an additional 7,986 shares during the period. Finally, Vicus Capital increased its position in Fidelity Total Bond ETF by 0.9% during the third quarter. Vicus Capital now owns 644,908 shares of the company’s stock worth $28,092,000 after buying an additional 5,580 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND traded up $0.14 during trading on Friday, reaching $44.09. The company had a trading volume of 827,280 shares, compared to its average volume of 1,307,102. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 8.76 and a beta of 0.15. The stock’s fifty day moving average price is $44.95 and its 200 day moving average price is $44.82. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week high of $46.34.

Fidelity Total Bond ETF 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.