Cornerstone Wealth Management LLC Increases Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cornerstone Wealth Management LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 41.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,432 shares of the company’s stock after buying an additional 64,388 shares during the quarter. Fidelity Total Bond ETF accounts for 0.7% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. Cornerstone Wealth Management LLC owned 0.11% of Fidelity Total Bond ETF worth $9,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in Fidelity Total Bond ETF by 2.2% during the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after buying an additional 267,811 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after buying an additional 520,113 shares during the period. RFG Advisory LLC boosted its stake in Fidelity Total Bond ETF by 9.6% during the third quarter. RFG Advisory LLC now owns 4,042,746 shares of the company’s stock valued at $188,958,000 after buying an additional 353,138 shares during the period. Mather Group LLC. raised its stake in Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after purchasing an additional 3,461,472 shares in the last quarter. Finally, Legacy Wealth Management Inc lifted its holdings in shares of Fidelity Total Bond ETF by 2.2% during the 3rd quarter. Legacy Wealth Management Inc now owns 2,937,256 shares of the company’s stock worth $137,287,000 after acquiring an additional 62,805 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.2 %

Shares of NYSEARCA FBND opened at $44.91 on Friday. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock’s 50-day moving average is $45.27 and its 200 day moving average is $45.85. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year 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.