KFA Private Wealth Group LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 7.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 510,987 shares of the company’s stock after acquiring an additional 34,731 shares during the quarter. Fidelity Total Bond ETF comprises about 5.3% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 3rd biggest holding. KFA Private Wealth Group LLC’s holdings in Fidelity Total Bond ETF were worth $22,126,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Cooper Financial Group grew its stake in shares of Fidelity Total Bond ETF by 1.5% during the 3rd quarter. Cooper Financial Group now owns 169,041 shares of the company’s stock worth $7,319,000 after purchasing an additional 2,449 shares during the period. Worth Asset Management LLC lifted its stake in shares of Fidelity Total Bond ETF by 59.1% in the third quarter. Worth Asset Management LLC now owns 58,178 shares of the company’s stock valued at $2,519,000 after purchasing an additional 21,602 shares during the period. Legacy Solutions LLC lifted its stake in shares of Fidelity Total Bond ETF by 9.0% in the third quarter. Legacy Solutions LLC now owns 64,924 shares of the company’s stock valued at $2,811,000 after purchasing an additional 5,359 shares during the period. Weaver Consulting Group lifted its stake in shares of Fidelity Total Bond ETF by 1,188.0% in the third quarter. Weaver Consulting Group now owns 198,196 shares of the company’s stock valued at $8,582,000 after purchasing an additional 182,808 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Fidelity Total Bond ETF by 9.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 294,442 shares of the company’s stock worth $13,394,000 after acquiring an additional 24,203 shares in the last quarter.
Fidelity Total Bond ETF Stock Performance
NYSEARCA FBND traded down $0.03 during trading hours on Wednesday, reaching $43.32. The company’s stock had a trading volume of 9,395,235 shares, compared to its average volume of 3,126,175. The company’s 50-day moving average is $44.49 and its two-hundred day moving average is $45.16. The stock has a market cap of $27.93 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a fifty-two week low of $43.11 and a fifty-two week high of $46.86.
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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