Spire Wealth Management Cuts Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Spire Wealth Management lessened its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 576,971 shares of the company’s stock after selling 7,197 shares during the quarter. Fidelity Total Bond ETF makes up 0.8% of Spire Wealth Management’s investment portfolio, making the stock its 18th largest holding. Spire Wealth Management owned approximately 0.29% of Fidelity Total Bond ETF worth $25,889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FBND. FMR LLC increased its holdings in Fidelity Total Bond ETF by 2.2% during the 3rd quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after purchasing an additional 267,811 shares during the period. Country Trust Bank increased its holdings in Fidelity Total Bond ETF by 0.5% during the 4th quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after purchasing an additional 31,173 shares during the period. JPMorgan Chase & Co. increased its holdings in Fidelity Total Bond ETF by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after purchasing an additional 520,113 shares during the period. RFG Advisory LLC increased its holdings in Fidelity Total Bond ETF by 6.2% during the 4th quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after purchasing an additional 250,764 shares during the period. Finally, Mather Group LLC. increased its holdings in Fidelity Total Bond ETF by 4,145.0% during the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after purchasing an additional 3,461,472 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.04 on Friday. The stock’s 50-day moving average is $45.23 and its two-hundred day moving average is $45.83. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.