Riverpoint Wealth Management Holdings LLC Acquires 88,820 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Riverpoint Wealth Management Holdings LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 449,168 shares of the company’s stock after purchasing an additional 88,820 shares during the quarter. Fidelity Total Bond ETF makes up approximately 5.3% of Riverpoint Wealth Management Holdings LLC’s portfolio, making the stock its 8th largest position. Riverpoint Wealth Management Holdings LLC’s holdings in Fidelity Total Bond ETF were worth $20,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its position in Fidelity Total Bond ETF by 3.1% during the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock valued at $1,869,000 after acquiring an additional 1,188 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of 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 valued at $20,923,000 after purchasing an additional 196,783 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Fidelity Total Bond ETF by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after purchasing an additional 520,113 shares during the last quarter. Centerline Wealth Advisors LLC bought a new stake in Fidelity Total Bond ETF in the fourth quarter worth $15,492,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its position in Fidelity Total Bond ETF by 3.5% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 608,721 shares of the company’s stock worth $28,452,000 after buying an additional 20,500 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $45.80 on Wednesday. The firm has a market cap of $9.14 billion, a P/E ratio of 8.85 and a beta of 0.19. The stock’s 50-day moving average is $45.04 and its two-hundred day moving average is $45.77. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two 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.