Rockefeller Capital Management L.P. Increases Stake in Fidelity Total Bond ETF

Rockefeller Capital Management L.P. has increased its stake in the Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.1% in the third quarter, according to reports from HoldingsChannel.com. After acquiring an additional 1,188 shares during this period, the firm now holds a total of 39,999 shares in the ETF. As of the end of the recent quarter, these holdings are valued at $1,869,000.

Several other institutional investors and hedge funds have also made moves to buy and sell shares of the Fidelity Total Bond ETF. For instance, Northwest Investment Counselors LLC acquired a new stake in FBND during the third quarter, valued at around $30,000. Transcendent Capital Group LLC made a new investment in the ETF during the second quarter with an amount of approximately $32,000. Other firms, such as Highline Wealth Partners LLC and Strategic Financial Concepts LLC, also acquired new stakes worth $47,000 and $49,000 respectively, during the third and second quarters. Darwin Wealth Management LLC added a stake valued at about $54,000 in the third quarter as well.

Fidelity Total Bond ETF Stock Performance

On the trading front, shares of the Fidelity Total Bond ETF opened at $46.12 recently. The ETF has a 50-day moving average price of $45.84 and a two-hundred day moving average price of $45.85. Over the past year, the stock recorded a low of $44.01 and a high of $47.30. The market capitalization of the ETF stands at $9.20 billion, with a P/E ratio of 8.85 and a beta of 0.19, indicating relatively low volatility compared to the market.

Overview of Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund designed to track the performance of the Bloomberg U.S. Universal Bond Index. It is actively managed and aims to represent a broad market bond fund. The fund utilizes the Barclays US Universal Bond Index to support its sector allocation and duration exposure. Launched on October 6, 2014, the fund is managed by Fidelity.

Rockefeller, Fidelity, ETF