Goodwin Investment Advisory Purchases 14,326 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Goodwin Investment Advisory raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 536,624 shares of the company’s stock after purchasing an additional 14,326 shares during the period. Fidelity Total Bond ETF makes up about 12.8% of Goodwin Investment Advisory’s portfolio, making the stock its 3rd largest holding. Goodwin Investment Advisory owned approximately 0.56% of Fidelity Total Bond ETF worth $24,706,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FBND. JPMorgan Chase & Co. grew its position in Fidelity Total Bond ETF by 2,874.0% during the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock worth $130,996,000 after buying an additional 2,906,069 shares in the last quarter. Legacy Wealth Management Inc acquired a new position in Fidelity Total Bond ETF in the third quarter valued at about $120,780,000. Bank of America Corp DE lifted its position in Fidelity Total Bond ETF by 316.7% during the first quarter. Bank of America Corp DE now owns 3,081,245 shares of the company’s stock worth $141,737,000 after purchasing an additional 2,341,860 shares during the period. Blue Chip Partners LLC grew its stake in Fidelity Total Bond ETF by 8,501.0% during the third quarter. Blue Chip Partners LLC now owns 2,153,777 shares of the company’s stock worth $93,819,000 after buying an additional 2,128,736 shares in the last quarter. Finally, FMR LLC increased its holdings in Fidelity Total Bond ETF by 26,366.0% in the 3rd quarter. FMR LLC now owns 2,086,842 shares of the company’s stock valued at $90,903,000 after buying an additional 2,078,957 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock traded up $0.23 on Wednesday, reaching $44.30. 1,012,736 shares of the stock were exchanged, compared to its average volume of 1,312,049. The firm has a market cap of $4.25 billion, a PE ratio of 12.64 and a beta of 0.17. The firm’s 50 day moving average is $45.10 and its 200-day moving average is $44.77. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.38.

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.