KG&L Capital Management LLC Increases Stock Holdings in Fidelity Total Bond ETF $FBND

KG&L Capital Management LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 167.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,936 shares of the company’s stock after buying an additional 31,919 shares during the quarter. KG&L Capital Management LLC’s holdings in Fidelity Total Bond ETF were worth $2,355,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. D.A. Davidson & CO. grew its stake in shares of Fidelity Total Bond ETF by 165.1% in the 3rd quarter. D.A. Davidson & CO. now owns 243,323 shares of the company’s stock worth $11,251,000 after acquiring an additional 151,525 shares in the last quarter. Foronjy Financial LLC lifted its position in shares of Fidelity Total Bond ETF by 10.8% during the third quarter. Foronjy Financial LLC now owns 58,749 shares of the company’s stock valued at $2,717,000 after purchasing an additional 5,719 shares in the last quarter. Summit Financial Strategies Inc. boosted its holdings in Fidelity Total Bond ETF by 2.9% during the third quarter. Summit Financial Strategies Inc. now owns 2,005,230 shares of the company’s stock worth $92,722,000 after purchasing an additional 57,045 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Fidelity Total Bond ETF by 20.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,373,035 shares of the company’s stock worth $202,209,000 after purchasing an additional 752,861 shares in the last quarter. Finally, Kearns & Associates LLC increased its stake in Fidelity Total Bond ETF by 16.2% in the 3rd quarter. Kearns & Associates LLC now owns 18,035 shares of the company’s stock valued at $834,000 after buying an additional 2,520 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $46.04 on Monday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The company’s 50 day moving average price is $46.35 and its two-hundred day moving average price is $46.13. The stock has a market cap of $23.40 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.