DeDora Capital Inc. Raises Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

DeDora Capital Inc. increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.6% during the 4th quarter, Holdings Channel reports. The fund owned 406,343 shares of the company’s stock after buying an additional 2,243 shares during the quarter. Fidelity Total Bond ETF accounts for about 5.0% of DeDora Capital Inc.’s investment portfolio, making the stock its 4th biggest holding. DeDora Capital Inc.’s holdings in Fidelity Total Bond ETF were worth $18,233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after acquiring an additional 1,188 shares during the last quarter. Marshall Financial Group LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth approximately $843,000. Arete Wealth Advisors LLC raised its holdings in Fidelity Total Bond ETF by 78.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after buying an additional 196,783 shares during the period. JPMorgan Chase & Co. raised 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 buying an additional 520,113 shares during the period. Finally, Centerline Wealth Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $15,492,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.32 on Friday. The company has a market capitalization of $9.04 billion, a P/E ratio of 8.85 and a beta of 0.19. The company’s 50 day moving average price is $45.10 and its two-hundred day moving average price is $45.81. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week 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.