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

KFG Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 667,679 shares of the company’s stock after purchasing an additional 59,775 shares during the period. Fidelity Total Bond ETF comprises approximately 4.5% of KFG Wealth Management LLC’s holdings, making the stock its 5th biggest holding. KFG Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $30,873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at $27,000. Caldwell Trust Co purchased a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at $34,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at $38,000. Darwin Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter worth about $49,000. Finally, Clarity Asset Management Inc. increased its position in Fidelity Total Bond ETF by 285.3% during the 1st quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock worth $62,000 after purchasing an additional 1,010 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.2%

NYSEARCA:FBND opened at $46.28 on Wednesday. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The company’s 50-day moving average is $46.43 and its two-hundred day moving average is $46.03.

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.