Fidelity Total Bond ETF (NYSEARCA:FBND) is Cyndeo Wealth Partners LLC’s 7th Largest Position

Cyndeo Wealth Partners LLC lessened its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 462,981 shares of the company’s stock after selling 18,669 shares during the quarter. Fidelity Total Bond ETF accounts for about 1.4% of Cyndeo Wealth Partners LLC’s holdings, making the stock its 7th biggest position. Cyndeo Wealth Partners LLC owned approximately 0.23% of Fidelity Total Bond ETF worth $20,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its holdings 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 worth $1,869,000 after buying an additional 1,188 shares in the last quarter. Marshall Financial Group LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $843,000. Arete Wealth Advisors LLC boosted its stake 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 worth $20,923,000 after acquiring an additional 196,783 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Fidelity Total Bond ETF by 31.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock worth $71,519,000 after acquiring an additional 383,302 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in 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 in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.01 on Friday. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The business’s fifty day moving average is $45.26 and its two-hundred day moving average is $45.84.

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.