KFG Wealth Management LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 9.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 784,486 shares of the company’s stock after buying an additional 66,233 shares during the period. Fidelity Total Bond ETF accounts for about 4.6% of KFG Wealth Management LLC’s holdings, making the stock its 5th largest holding. KFG Wealth Management LLC owned 0.14% of Fidelity Total Bond ETF worth $35,788,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new position in Fidelity Total Bond ETF during the fourth quarter valued at $25,000. Rialto Wealth Management LLC bought a new stake in Fidelity Total Bond ETF in the fourth quarter worth $32,000. Clearstead Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $36,000. Tucker Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $37,000. Finally, Key Capital Management INC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at $49,000.
Fidelity Total Bond ETF Price Performance
Shares of NYSEARCA:FBND opened at $45.76 on Thursday. The business has a fifty day moving average price of $45.59 and a 200-day moving average price of $45.93. The company has a market capitalization of $25.64 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86.
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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