RFG Advisory LLC Has $57.66 Million Stock Position in Fidelity Total Bond ETF $FBND

RFG Advisory LLC trimmed its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,263,916 shares of the company’s stock after selling 135,998 shares during the period. Fidelity Total Bond ETF makes up approximately 1.1% of RFG Advisory LLC’s holdings, making the stock its 10th biggest holding. RFG Advisory LLC owned 0.23% of Fidelity Total Bond ETF worth $57,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Total Bond ETF by 3.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after purchasing an additional 2,925,667 shares during the period. Morgan Stanley grew its holdings in shares of Fidelity Total Bond ETF by 16.2% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after buying an additional 4,830,198 shares during the period. Bank of America Corp DE increased its position in shares of Fidelity Total Bond ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after buying an additional 683,930 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after buying an additional 2,374,913 shares during the period. Finally, Sagespring Wealth Partners LLC raised its stake in Fidelity Total Bond ETF by 3.2% during the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after buying an additional 311,221 shares during the period.

Fidelity Total Bond ETF Trading Up 0.5%

FBND stock 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 market cap of $25.64 billion, a PE ratio of 8.94 and a beta of 0.27. The business’s 50-day moving average price is $45.59 and its two-hundred day moving average price is $45.93.

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.