Kastel Capital Advisors LLC Buys 47,788 Shares of Fidelity Total Bond ETF $FBND

Kastel Capital Advisors LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 483,888 shares of the company’s stock after buying an additional 47,788 shares during the quarter. Fidelity Total Bond ETF comprises 13.1% of Kastel Capital Advisors LLC’s portfolio, making the stock its 2nd largest position. Kastel Capital Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $22,075,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Total Bond ETF by 3.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after acquiring an additional 2,925,667 shares in the last quarter. Morgan Stanley boosted its holdings in Fidelity Total Bond ETF by 16.2% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after acquiring an additional 4,830,198 shares during the period. Bank of America Corp DE grew its position in Fidelity Total Bond ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after acquiring an additional 871,672 shares in the last quarter. JPMorgan Chase & Co. grew its position in Fidelity Total Bond ETF by 25.8% in the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Fidelity Total Bond ETF by 25.2% during the fourth quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after purchasing an additional 1,887,404 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND opened at $45.00 on Monday. The firm’s 50 day moving average is $45.31 and its 200-day moving average is $45.70. Fidelity Total Bond ETF has a 52-week low of $44.65 and a 52-week high of $46.86. The firm has a market capitalization of $27.26 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.