Cornerstone Wealth Group LLC Has $2.14 Million Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cornerstone Wealth Group LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,789 shares of the company’s stock after purchasing an additional 4,900 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Fidelity Total Bond ETF were worth $2,144,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth $25,000. Northwest Investment Counselors LLC bought a new stake in Fidelity Total Bond ETF in the third quarter worth $30,000. Highline Wealth Partners LLC acquired a new position in Fidelity Total Bond ETF during the third quarter worth $47,000. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF during the third quarter valued at about $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter worth about $87,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.01 on Monday. The stock’s 50 day simple moving average is $45.26 and its 200 day simple moving average is $45.84. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

Fidelity Total Bond ETF Company 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.