Genesis Private Wealth LLC Purchases 15,465 Shares of Fidelity Total Bond ETF $FBND

Genesis Private Wealth LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 328,860 shares of the company’s stock after acquiring an additional 15,465 shares during the quarter. Fidelity Total Bond ETF makes up approximately 4.2% of Genesis Private Wealth LLC’s portfolio, making the stock its 4th largest holding. Genesis Private Wealth LLC owned 0.06% of Fidelity Total Bond ETF worth $14,960,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at $25,000. GHP Investment Advisors Inc. bought a new stake in Fidelity Total Bond ETF in the first quarter worth $25,000. Community Financial Services Group LLC acquired a new position in Fidelity Total Bond ETF during the second quarter worth $32,000. Tucker Asset Management LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth $37,000. Finally, Key Capital Management INC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at about $49,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $44.91 on Thursday. Fidelity Total Bond ETF has a fifty-two week low of $44.65 and a fifty-two week high of $46.86. The stock’s 50-day moving average is $45.27 and its two-hundred day moving average is $45.68. The firm has a market cap of $27.21 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.