Fidelity Total Bond ETF $FBND is Mustico Financial Group Inc.’s 5th Largest Position

Mustico Financial Group Inc. grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 31.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 262,336 shares of the company’s stock after purchasing an additional 62,579 shares during the period. Fidelity Total Bond ETF makes up about 7.4% of Mustico Financial Group Inc.’s holdings, making the stock its 5th largest position. Mustico Financial Group Inc.’s holdings in Fidelity Total Bond ETF were worth $12,054,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Waverly Advisors LLC grew its position in Fidelity Total Bond ETF by 4.3% during the first quarter. Waverly Advisors LLC now owns 617,014 shares of the company’s stock worth $28,148,000 after buying an additional 25,505 shares during the period. Sentinel Advisory Group LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 1st quarter worth approximately $6,674,000. Renaissance Technologies LLC grew its holdings in shares of Fidelity Total Bond ETF by 107.7% in the 1st quarter. Renaissance Technologies LLC now owns 229,100 shares of the company’s stock worth $10,452,000 after acquiring an additional 118,800 shares during the period. Modern Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 38.3% in the 1st quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock worth $228,764,000 after acquiring an additional 1,388,283 shares during the period. Finally, Dickmeyer Boyce Financial Management Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth approximately $11,012,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $44.97 on Friday. The stock has a fifty day moving average price of $45.39 and a 200 day moving average price of $45.79. The stock has a market cap of $27.10 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86.

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.