KFG Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 3.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 813,982 shares of the company’s stock after acquiring an additional 29,496 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 4.2% of KFG Wealth Management LLC’s portfolio, making the stock its 6th largest position. KFG Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $37,028,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF during the 1st quarter worth approximately $25,000. Community Financial Services Group LLC acquired a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $32,000. Tucker Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $37,000. Finally, Maryland Capital Advisors Inc. bought a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at $37,000.
Fidelity Total Bond ETF Price Performance
Shares of Fidelity Total Bond ETF stock opened at $44.67 on Thursday. The business has a fifty day simple moving average of $45.10 and a two-hundred day simple moving average of $45.55. Fidelity Total Bond ETF has a 1 year low of $44.59 and a 1 year high of $46.86. The company has a market capitalization of $27.06 billion, a price-to-earnings 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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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