Kastel Capital Advisors LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 483,888 shares of the company’s stock after acquiring an additional 47,788 shares during the quarter. Fidelity Total Bond ETF accounts for 13.1% of Kastel Capital Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Kastel Capital Advisors LLC owned 0.08% of Fidelity Total Bond ETF worth $22,075,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Total Bond ETF by 3.3% in 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 purchasing an additional 2,925,667 shares during the period. Morgan Stanley increased its position in Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after purchasing an additional 4,830,198 shares in the last quarter. Bank of America Corp DE increased its position in Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after purchasing an additional 871,672 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 buying an additional 2,374,913 shares during the period. Finally, LPL Financial LLC raised its holdings in Fidelity Total Bond ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after buying an additional 1,887,404 shares during the period.
Fidelity Total Bond ETF Price Performance
Shares of FBND stock opened at $45.00 on Monday. Fidelity Total Bond ETF has a fifty-two week low of $44.65 and a fifty-two week high of $46.86. The firm’s 50 day moving average price is $45.31 and its two-hundred day moving average price is $45.70. The stock has a market cap of $27.26 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.
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