Rockefeller Capital Management Increases Stake in Fidelity Total Bond ETF

Rockefeller Capital Management L.P. has raised its stake in the Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.1% during the third quarter, according to recent reports. As of the end of this period, the firm now holds 39,999 shares of the ETF after acquiring an additional 1,188 shares. The total value of Rockefeller Capital Management's holdings in the Fidelity Total Bond ETF is approximately $1,869,000.

Several other institutional investors and hedge funds have also been active with shares of FBND. For instance, Northwest Investment Counselors LLC made a new investment in Fidelity Total Bond ETF worth around $30,000 in the third quarter. Similarly, Transcendent Capital Group LLC initiated a new position in the second quarter valued at about $32,000, while Highline Wealth Partners LLC invested approximately $47,000 during the third quarter. Furthermore, Strategic Financial Concepts LLC also acquired a stake worth around $49,000 in the second quarter and Darwin Wealth Management LLC invested about $54,000 in the third quarter.

Fidelity Total Bond ETF Market Performance

On Friday, shares of the Fidelity Total Bond ETF opened at $46.12, reflecting a 0.3% increase in trading. The fund has recorded a 50-day moving average price of $45.84 and a two-hundred day moving average price of $45.85. The ETF has a one-year low at $44.01 and a high of $47.30. With a market capitalization of $9.20 billion, the fund has a P/E ratio of 8.85 and a relatively low beta of 0.19, indicating lower volatility compared to the market.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that aims to provide broad access to the bond market. It is guided by the Bloomberg U.S. Universal Bond Index, which assists in determining its sector allocation and duration exposure. Launched on October 6, 2014, FBND is actively managed by Fidelity.

Rockefeller, Fidelity, Bond