Keenan LLC Invests $4.69 Million in Fidelity Total Bond ETF $FBND

Keenan LLC bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 101,859 shares of the company’s stock, valued at approximately $4,690,000. Fidelity Total Bond ETF accounts for approximately 4.1% of Keenan LLC’s portfolio, making the stock its 10th biggest position.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC grew its position in Fidelity Total Bond ETF by 400.5% during the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after purchasing an additional 32,071 shares during the last quarter. Betterment LLC increased its stake in Fidelity Total Bond ETF by 2.7% in the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after purchasing an additional 2,597 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $49,000. Graney & King LLC raised its holdings in shares of Fidelity Total Bond ETF by 7.3% in the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after buying an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Fidelity Total Bond ETF by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after buying an additional 1,924 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.61 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The firm has a 50-day simple moving average of $45.60 and a 200-day simple moving average of $45.95. The company has a market capitalization of $25.56 billion, a price-to-earnings 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.