Fidelity Total Bond ETF $FBND Position Raised by KFG Wealth Management LLC

KFG Wealth Management LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 860,706 shares of the company’s stock after buying an additional 46,724 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 4.0% of KFG Wealth Management LLC’s portfolio, making the stock its 6th largest holding. KFG Wealth Management LLC owned 0.13% of Fidelity Total Bond ETF worth $37,269,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. GHP Investment Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth approximately $25,000. Community Financial Services Group LLC purchased a new position in Fidelity Total Bond ETF in the second quarter valued at approximately $32,000. Maryland Capital Advisors Inc. bought a new position in Fidelity Total Bond ETF during the second quarter valued at $37,000. Manning & Napier Advisors LLC purchased a new stake in Fidelity Total Bond ETF in the first quarter worth $53,000. Finally, Sound Income Strategies LLC increased its position in Fidelity Total Bond ETF by 180.6% in the first quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after buying an additional 847 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.0%

Shares of FBND stock traded down $0.01 on Friday, hitting $43.82. 5,305,343 shares of the stock were exchanged, compared to its average volume of 3,184,228. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.86. The firm’s 50 day moving average is $44.27 and its two-hundred day moving average is $45.05. The firm has a market capitalization of $28.25 billion, a PE ratio of 8.94 and a beta of 0.28.

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.