Northwestern Mutual Wealth Management Co. Buys 186,149 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,499,133 shares of the company’s stock after acquiring an additional 186,149 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.75% of Fidelity Total Bond ETF worth $67,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FBND. Capital CS Group LLC boosted its position in shares of Fidelity Total Bond ETF by 5.1% in the 2nd quarter. Capital CS Group LLC now owns 6,027 shares of the company’s stock worth $271,000 after purchasing an additional 294 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Fidelity Total Bond ETF by 5.5% during the 1st quarter. Arkadios Wealth Advisors now owns 6,244 shares of the company’s stock worth $283,000 after buying an additional 323 shares during the last quarter. CGN Advisors LLC grew its stake in Fidelity Total Bond ETF by 3.0% during the 1st quarter. CGN Advisors LLC now owns 11,462 shares of the company’s stock worth $519,000 after buying an additional 336 shares during the last quarter. Capital Planning LLC grew its stake in Fidelity Total Bond ETF by 0.9% during the 2nd quarter. Capital Planning LLC now owns 45,501 shares of the company’s stock worth $2,053,000 after buying an additional 388 shares during the last quarter. Finally, FinTrust Capital Advisors LLC grew its stake in Fidelity Total Bond ETF by 7.5% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,675 shares of the company’s stock worth $257,000 after buying an additional 394 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $46.85 on Monday. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $47.30. The stock’s fifty day moving average price is $46.45 and its 200 day moving average price is $45.48. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.