Cornerstone Wealth Management LLC Raises Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cornerstone Wealth Management LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,846 shares of the company’s stock after purchasing an additional 7,818 shares during the quarter. Cornerstone Wealth Management LLC owned about 0.16% of Fidelity Total Bond ETF worth $6,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of FBND. Financial Management Professionals Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $25,000. Pineridge Advisors LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $58,000. Sound Income Strategies LLC bought a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $74,000. Finally, Private Trust Co. NA boosted its holdings in shares of Fidelity Total Bond ETF by 51.2% in the 4th quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock worth $74,000 after purchasing an additional 547 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.6 %

Shares of Fidelity Total Bond ETF stock traded up $0.29 during trading on Thursday, hitting $45.10. 958,680 shares of the stock traded hands, compared to its average volume of 1,239,337. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $46.21. The firm’s fifty day moving average is $44.90 and its 200-day moving average is $45.16.

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.