Koshinski Asset Management Inc. Purchases 137,215 Shares of Fidelity Total Bond ETF $FBND

Koshinski Asset Management Inc. lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 35.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 521,124 shares of the company’s stock after buying an additional 137,215 shares during the period. Fidelity Total Bond ETF makes up 1.5% of Koshinski Asset Management Inc.’s holdings, making the stock its 8th largest position. Koshinski Asset Management Inc. owned about 0.10% of Fidelity Total Bond ETF worth $23,993,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FBND. Cerity Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 400.5% during the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after purchasing an additional 32,071 shares in the last quarter. Betterment LLC lifted its stake in Fidelity Total Bond ETF by 2.7% during the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after purchasing an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the second quarter valued at approximately $49,000. Graney & King LLC boosted its holdings in Fidelity Total Bond ETF by 7.3% during the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after buying an additional 3,402 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after buying an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $45.64 on Friday. The firm has a market cap of $25.57 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $44.73 and a 1 year high of $46.86. The firm’s 50 day moving average price is $45.89 and its two-hundred day moving average price is $46.17.

Fidelity Total Bond ETF Profile

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.