KMG Fiduciary Partners LLC Increases Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

KMG Fiduciary Partners LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 173.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 291,909 shares of the company’s stock after buying an additional 185,226 shares during the quarter. Fidelity Total Bond ETF makes up about 1.1% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 19th largest position. KMG Fiduciary Partners LLC’s holdings in Fidelity Total Bond ETF were worth $13,326,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Fidelity Total Bond ETF by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after acquiring an additional 520,113 shares during the last quarter. Tallon Kerry Patrick bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $999,000. Capital & Planning LLC boosted its position in shares of Fidelity Total Bond ETF by 122.1% during the 4th quarter. Capital & Planning LLC now owns 67,562 shares of the company’s stock valued at $3,048,000 after acquiring an additional 37,149 shares during the last quarter. Consolidated Portfolio Review Corp boosted its position in shares of Fidelity Total Bond ETF by 10.0% during the 4th quarter. Consolidated Portfolio Review Corp now owns 9,576 shares of the company’s stock valued at $430,000 after acquiring an additional 872 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $4,881,000.

Fidelity Total Bond ETF Trading Down 0.5%

Shares of FBND opened at $45.01 on Friday. The company has a market cap of $18.22 billion, a PE ratio of 8.94 and a beta of 0.27. The stock has a 50-day moving average price of $45.18 and a 200-day moving average price of $45.29. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $47.30.

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.