KFA Private Wealth Group LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 445,748 shares of the company’s stock after acquiring an additional 32,922 shares during the quarter. Fidelity Total Bond ETF makes up approximately 4.9% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 3rd largest position. KFA Private Wealth Group LLC owned approximately 0.08% of Fidelity Total Bond ETF worth $20,335,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of FBND. Root Financial Partners LLC bought a new position in Fidelity Total Bond ETF in the fourth quarter valued at approximately $25,000. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $32,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $36,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $37,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after buying an additional 468 shares during the last quarter.
Fidelity Total Bond ETF Trading Up 0.5%
NYSEARCA:FBND opened at $45.76 on Thursday. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86. The firm has a fifty day simple moving average of $45.59 and a 200 day simple moving average of $45.93. The stock has a market capitalization of $25.64 billion, a PE ratio of 8.94 and a beta of 0.27.
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.
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