Mustico Financial Group Inc. Has $9.22 Million Holdings in Fidelity Total Bond ETF $FBND

Mustico Financial Group Inc. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 37.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 199,757 shares of the company’s stock after purchasing an additional 54,085 shares during the period. Fidelity Total Bond ETF accounts for approximately 7.6% of Mustico Financial Group Inc.’s holdings, making the stock its 6th biggest position. Mustico Financial Group Inc.’s holdings in Fidelity Total Bond ETF were worth $9,224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Main Street Financial Solutions LLC boosted its holdings in shares of Fidelity Total Bond ETF by 1.1% during the 4th quarter. Main Street Financial Solutions LLC now owns 523,025 shares of the company’s stock valued at $24,080,000 after purchasing an additional 5,710 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 40.2% during the 4th quarter. IHT Wealth Management LLC now owns 171,718 shares of the company’s stock valued at $7,906,000 after purchasing an additional 49,273 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 26.0% during the 4th quarter. Gotham Asset Management LLC now owns 510,486 shares of the company’s stock valued at $23,503,000 after purchasing an additional 105,451 shares during the last quarter. Asset One Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $645,000. Finally, Ballast Financial Advisors LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $1,439,000.

Fidelity Total Bond ETF Stock Down 0.4%

FBND opened at $45.48 on Thursday. The firm has a 50-day simple moving average of $45.61 and a two-hundred day simple moving average of $45.96. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The company has a market capitalization of $25.48 billion, a PE ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF Company 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.