Insight Wealth Strategies LLC Increases Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Insight Wealth Strategies LLC grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,317 shares of the company’s stock after buying an additional 1,767 shares during the period. Insight Wealth Strategies LLC’s holdings in Fidelity Total Bond ETF were worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its stake in Fidelity Total Bond ETF by 2.2% in the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock valued at $589,118,000 after acquiring an additional 267,811 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $241,622,000 after buying an additional 520,113 shares in the last quarter. RFG Advisory LLC lifted its position in Fidelity Total Bond ETF by 9.6% in the 3rd quarter. RFG Advisory LLC now owns 4,042,746 shares of the company’s stock worth $188,958,000 after buying an additional 353,138 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity Total Bond ETF by 27.5% during the second quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock valued at $171,818,000 after acquiring an additional 825,448 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Fidelity Total Bond ETF by 4,145.0% in the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after acquiring an additional 3,461,472 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock traded down $0.02 on Monday, hitting $44.85. 1,375,409 shares of the company’s stock traded hands, compared to its average volume of 1,690,567. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The company’s fifty day simple moving average is $45.47 and its 200 day simple moving average is $45.89. Fidelity Total Bond ETF has a one year low of $44.01 and a one 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.